SOYBEANS–
November beans sold off today after trading above 1200 yesterday. Today’s export report showed sales of 54k for the current marketing year and 462k for next year. There is a new WASDE report tomorrow.
September ’26 Soybeans (ZSU26) settled at 1168.75 (-14.75), high of 1185.25, low of 1167. November Soybeans (ZSX26) settled at 1180 (-12.25), high of 1194.25, low of 1178. Cash price is at 1186 (+10)
September Bean Meal (ZMU26) settled at 313.3 (+3.60) high of 314.7, low of 307.9
September Bean Oil (ZLK26) settled at 69.51 (-.87) high of 70.92, low of 69.36
Meal to Oil ratio (47.575% Meal – 52.425% Oil)
ZSU26 Moving Averages – (1171) 5-day, (1139) 20-day, (1158) 50-day, (1151) 100-day, (1117) 200-day
ZSX26 Moving Averages – (1182) 5-day, (1152) 20-day, (1168) 50-day, (1156) 100-day, (1121) 200-day
ZMU26 Moving Averages – (310.6) 5-day, (304.2) 20-day, (311.5) 50-day, (312.7) 100-day, (313.8) 200-day
ZLU26 Moving Averages – (68.78) 5-day, (69.76) 20-day, (72.14) 50-day, (68.49) 100-day, (60.20) 200-day
CORN –
September ’26 Corn settled at 431 (-4) (ZCU26) high of 434.75, low of 428.75. December ’26 Corn (ZCZ26) settled at 451.75 (-4.50). Cash price is 448 (-8)
Corn was lower along with beans today. December corn made a high at 455 ½ this morning. Export sales for corn were 556k for the current marketing year and 401k for next year. Parts of the Midwest are expected to see more rain. Pre-report estimates are looking for a drop in ending stocks on tomorrow’s report.
ZCU26 Moving Averages – (434) 5-day, (424) 20-day, (449) 50-day, (457) 100-day, (453) 200-day
ZCZ26 Moving Averages – (454) 5-day, (440) 20-day, (467) 50-day, (473) 100-day, (467) 200-day
WHEAT –
September Chicago Wheat (ZWU26) settled at 619 (+11.25), with a high of 621.25, low of 602.25. December ‘26 Wheat (ZWZ26) settled at 633.25 (+10). Chicago Wheat has a cash price of 605 (-11). September KC Wheat (KEU26) settled at 654 (+8.75)
Wheat was higher today, despite the drop in corn and beans. Wheat has support at the 50 DMA, 603. Wheat exports for the current marketing year were 313k mt.
ZWU26 Moving Averages – (612) 5-day, (602) 20-day, (627) 50-day, (619) 100-day, (591) 200-day
ZWZ26 Moving Averages – (626) 5-day, (618) 20-day, (645) 50-day, (637) 100-day, (609) 200-day