SOYBEANS– November soybeans finished the day positive but still have resistance above at 1140. Friday’s COT showed funds selling the soybean complex. Funds sold 65k contracts of beans, 74k contracts of meal, and nearly 25k contracts of bean oil. July bean oil closed positive, while December bean oil finished lower on the day. July ’26 Soybeans (ZSN26) settled at 1118.75 …
The Grains Look Weak on Friday
SOYBEANS– The whole soybean complex was slightly lower to end the week. Argentina’s harvest is nearly complete. The USDA raised their estimate for Argentina’s crop 2 mmt on yesterday’s report to 50 mmt. Soybean areas under drought are well-above last year at 25%, compared to 13% previously. However, soybean areas under drought did fall 3 points this week. July ’26 …
The Grains Trade Lower After the June WASDE
SOYBEANS– It was quiet report for the grains. New crop estimates were unchanged from May. The USDA’s estimate for new crop production was higher than the pre-report estimate. Argentina’s soybean production was increased from 48 mmt to 50 mmt. Brazil’s production estimate was unchanged at 180 mmt. The next support for November beans is 1120. July ’26 Soybeans (ZSN26) settled …
Soybean Meal Reverses Lower on Tuesday
SOYBEANS– Yesterday’s crop progress report had soybean conditions at 65% good/excellent, which was 1 point behind last week’s rating. According to the USDA, Iowa and Wisconsin beans are looking the best, while Indiana was rated the worst. Planting is 92% complete. Soybeans were 73% emerged, compared to the 5-year average at 71%. July meal reversed lower today, making a high …
The Grains Trade Lower on Friday
SOYBEANS– The grains continue to sell-off, with rain expected next week in the Midwest. The market is still waiting on new purchases from Chinese importers. Soybean meal and bean oil have reversed lower. Argentina’s soybean harvest is nearly finished at 92% complete. Yesterday’s export report showed sales of 276k mt for this year and 243k for next year. July ’26 …
Wheat Continues to Move Lower
SOYBEANS– Soybeans made another move lower today after losing support at 1170 in the July contract. The next level of support for July beans is 1140. The grains are breaking with crude still moving higher. If crude reverses the move lower could intensify. Soybean planting is moving along at 87% planted, as of May 31. July ’26 Soybeans (ZSN26) settled …
Wheat Trades Lower on Tuesday
SOYBEANS– Soybeans were rated 66% good/excellent, compared to last year’s rating at 67%. The 10-year average at this point in the year is 69%. Indiana’s soybean conditions were rated the worst at 10% poor/very poor. July soybean oil made a new high at 79.69 yesterday but was able to top that today. Soybeans may be starting to roll over. July …
Soybeans Trade Lower on Monday
SOYBEANS– Today’s crush report showed 6.55 mmt or 218 mb of soybeans crushed in April. The pre-report estimate for soybean crush was 214.7 mb. Friday’s COT report showed funds selling 18k contracts. Managed money still has a 180k net long position. Soybeans remain overvalued, but that does not mean they have to break. July ’26 Soybeans (ZSN26) settled at 1181.25 …
The Soybean Complex Rallies on Thursday
SOYBEANS– The war in Iran seems to have a different headline every couple hours, which has made it hard for the grain markets to pick a direction. July beans were up 7 ¾ cents in the overnight session and higher again today. Soybeans remain overvalued but are holding up for now. July ’26 Soybeans (ZSN26) settled at 1195.75 (+10.50), high …
Wheat Trades Lower For the Fifth Day in a Row
SOYBEANS– July beans finished the day close to unchanged while November beans were slightly positive. The latest Crop Progress report shows soybean planting is 79% complete, compared to the 5-year average at 68%. Louisiana leads the way in soybean planting at 95% planted, well-ahead of the 5-year average at 79%. Soybean meal and oil were strong today. July ’26 Soybeans …