SOYBEANS– Soybeans were modestly higher today, even after China’s purchase of 13 cargoes of beans on Friday. Funds still hold a large net long in soybeans, as of Friday. Soybean oil and meal closed higher to start the week. Today may be the start of a reversal for soybean oil. September ’26 Soybeans (ZSU26) settled at 1174 (+3.25), high …
WRT World Agricultural Supply and Demand August 3
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Wheat Trades Sharply Lower on Friday
SOYBEANS– Soybeans finished the day close to unchanged and close to coming back into an area of support. US beans are now trading at a discount to Brazil following the sell-off. Soybeans likely aren’t staying here and a lot will depend on Sunday night weather. September ’26 Soybeans (ZSU26) settled at 1171.25 (-1), high of 1179.25, low of 1164. …
Soybeans and Corn Finish the Day Lower
SOYBEANS– Soybeans continue to make lower lows this week, trading lower again today. Soybean exports were 302k mt for old crop and 1.33 mmt for new crop. China accounted for 519k mt of new crop sales. Soybean exports for the current marketing year are still lagging behind last year’s pace. The next meeting with China is scheduled for September …
Soybeans And Corn Trade Lower on Wednesday
SOYBEANS– Soybeans were lower again today, with rain and cooler weather in the forecast. The next area of support for soybeans is 1170. September ’26 Soybeans (ZSU26) settled at 1174.75 (-30), high of 1209.75, low of 1173.50. November Soybeans (ZSX26) settled at 1191.50 (-28.50), high of 1225, low of 1190. Cash price is at 1205 (+4) September Bean Meal …
Soybeans Finish Higher on Tuesday
SOYBEANS– Soybeans finished the day higher today after a sharp sell-off yesterday. Crop progress came out bullish yesterday afternoon. Soybean conditions were down 3 points W/OW to 63% good/excellent. Soybean conditions in Missouri improved 5 points ahead of last week. Meal finished the day higher, while soybean oil was lower. September ’26 Soybeans (ZSU26) settled at 1204 (+4.25), high …
WRT World Agricultural Supply and Demand July 27
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Soybeans Close Higher on Friday
SOYBEANS– Soybeans led the grains, trading higher on the day. Soybeans reversed off their lows today, while soybean oil finished the day lower. Soybean meal faded as the day went on. Soybean oil has strong support below and may be a good buy here. September ’26 Soybeans (ZSU26) settled at 1239 (+8), high of 1243, low of 1225. November …
Wheat Trades Sharply Higher on Wednesday
SOYBEANS– Soybeans finished the day higher today after closing lower yesterday. The forecast still looks relatively dry overall, and soybeans closed near the high of the day. China continues to buy US beans. The next meeting with Xi is in September. September ’26 Soybeans (ZSU26) settled at 1225.75 (+15.25), high of 1227.75, low of 1206.25. November Soybeans (ZSX26) settled …
Wheat Trades on Higher on Friday
SOYBEANS– Soybeans finished the day higher after yesterday’s lower close. The charts for the grains look strong but that can change over the weekend with the weather. The corn belt is expected to see near normal rains in the 8-14 day forecast. Temperatures are expected to be near normal in eastern soybean areas and warmer west of the Mississippi …