Soybean Oil Limit Up, Soybeans Soar on Friday

Hans SchmitGrains Leave a Comment

Soybeans– Soybean oil was limit up today. The big move in soybean oil was because of the EPA’s announcement of higher RVOs for bio-mass based biodiesel, raising the blending rate from 3.35 billion gallons in 2025 to 5.61 billion gallons in 2026 and 5.86 billion gallons in 2027. Biofuel groups and others in the industry had been awaiting this announcement …

Chart of the Day – September Wheat

Jeff FosseGeneral Commentary Leave a Comment

The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, June 12, 2025 Every morning, at about 8 AM CST, I post a short video highlighting where I see opportunities in the futures markets.  You can view my most recent video here    September Wheat (Daily) Today, September Wheat (Chicago) closed at 5.41 …

USDA Lowers Old and New Crop U.S. Corn Ending Stocks

Hans SchmitGrains Leave a Comment

Soybeans– The June WASDE report came out this morning. Soybeans closed lower despite the friendly report. New crop ending stocks were unchanged at 295 mb, in-line with analyst estimates. Old crop ending stocks were estimated at 350 mb, unchanged from last month. The trade expectation for old crop soybeans was 353m. No changes were made for Brazil and Argentina’s old …

5 Minutes on the Markets – 06/12/25

Jeff FosseGeneral Commentary Leave a Comment

I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update!  Cattle market remain at elevated levels, but seem to be struggling with overhead resistance. Perhaps traders are waiting for confirmation that cash sales will jump higher again this week. Lean Hogs posted another new contract high close. Grains and Soy are …

5 Minutes on the Markets – 06/11/25

Jeff FosseGeneral Commentary

I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update!  Feeder Cattle and Lean Hogs continue to post new contract highs. Live Cattle backed off a little yesterday, but Boxed Beef prices jumped aggressively on Tuesday afternoon, which should add more bullish fuel to the fire. Both Feeders and Fats are …

Corn Leads the Way Higher on Tuesday

Hans SchmitGrains

Soybeans– As of Monday, planting progress is at 90% complete, up 6% over last week. The 10-year average for this time of year is 84%. Crop conditions were rate 68% good/excellent up 1% over last week. The 10-year average for soybean conditions at this time of year is 69%. The best conditions for this time of year came in 2018 …

5 Minutes on the Markets – 06/10/25

Jeff FosseGeneral Commentary

I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Higher highs and higher lows across the board in Livestock markets. Live Cattle and Feeder Cattle futures closed higher on Monday, with Feeders gaining momentum and rallying to set new highs late in the session. New contract high closes and new …

Corn, Beans, Wheat All Move Lower on Monday

Hans SchmitGrains

Walsh Pure Hedge Division The focus for the soybean market is on trade talks. The U.S. and China will meet this week in London to continue negotiating. Last week, President Trump and Xi had a productive discussion, setting up this meeting. Above-normal rains are expected in the southeast and northern Plains, but overall, the forecast has been solid for early …