SOYBEANS– Soybeans were sharply lower after today’s crop report. The yield estimate was raised very slightly from last month and higher than the average trade estimate. The export estimate was raised 25 mb above last month, which helped ending stocks fall by 10 mb. Soybean stocks/use is now 6.8% from 7.1% last month. November’26 Soybeans (ZSX26) settled at 1296.5 …
Corn Conditions Decline 1 Point on Monday
SOYBEANS– After consistent new crop flash sales to China last week there no sales reported this morning. Soybean meal was sharply lower today, while soybean oil closed above the psychological resistance at 70 cents. Soybean conditions were 58% good/excellent at no change from last week. Soybean conditions were rated 64% good/excellent this time last year. November’26 Soybeans (ZSX26) settled …
9/8 Walsh Pure Grain Technicals / Daily News – Pure Hedge Division
ZCZ26/ZCH27 Current Dec 2026 / Mar 2027 (Z26/H27) -15.25¢ Moving Average Value 7-day MA -14.57¢ 14-day MA -14.70¢ 21-day MA -15.01¢ Intermediate Trend The spread strengthened noticeably during August: That move suggested nearby demand improving relative to deferred futures. Short-Term Trend Since the 8/28 high, the spread has weakened: Date Spread 08/28 -13.75¢ 09/02 -14.25¢ 09/04 -15.00¢ 09/08 -15.25¢ This …
Wheat Trades Sharply Lower on Friday
SOYBEANS– There was a 192k mt flash sale yesterday to China and another 250k mt sale to an unknown country today. Xi is expected to visit the White House later this month. Managed money was very long the soybean complex on today’s COT report. Managed money had long positions of over 100k contracts soybeans and crush products as of …
The Grains Rally Back After An Overnight Sell-Off
SOYBEANS– The grains were pressured overnight, including soybeans, but they rallied off the morning low at 1290 ¼ in the November contract. There was another new crop soybean sale to China for 192k mt. Soybean meal had another strong day and looks bullish on the weekly chart. November’26 Soybeans (ZSX26) settled at 1314.50 (+4.25), high of 1319, low of …
Wheat Starts the Week Lower
SOYBEANS– There was a 159k mt flash sale to an unknown country for marketing year 2026/27 but it failed to help soybeans close higher. There could be some end-of-month profit-taking happening tomorrow with beans trading above 1300 today. Today, the EPA granted refinery exemptions totaling 1.76 billion credits, previously it was estimated that 990 million RINs would be exempted. …
WRT World Agricultural Supply and Demand August 30
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Wheat Leads the Grains Higher
SOYBEANS– The entire soybean complex was sharply higher today. November beans have resistance at today’s high at 1290 and the psychological resistance at 1300. Soybeans are trading at very elevated prices ahead of harvest. November’26 Soybeans (ZSX26) settled at 1287.75 (+19.75), high of 1290, low of 1269.25. January ‘27 Soybeans (ZSF27) settled at 1302.75 (+19.50), high of 1305, low …
Wheat Closes Higher, Corn and Wheat Trade Lower
SOYBEANS– November beans made at 1172 before reversing and finishing lower on the day. China booked almost half of the new crop sales on today’s export report. The soybean oil share has gone down significantly from just a few weeks ago. November’26 Soybeans (ZSX26) settled at 1268 (-2.50), high of 1272, low of 1250.75. January ‘27 Soybeans (ZSF27) settled …
Corn Fails to Close Above 525 for the Second Day in a Row
SOYBEANS– Soybean conditions were rated 60% good/excellent on yesterday’s Crop Progress report. Conditions fell 1 point behind last week and 9 points behind last year. Soybean oil was higher today despite the delay to the EPA biofuel compliance deadline. Meal may be undervalued here, with the rally in the other grains, especially if there’s a weather problem in South …