SOYBEANS–
November beans finished the day higher. There was another flash sale to China this morning, this time 136k mt.
September ’26 Soybeans (ZSU26) settled at 1177.75 (+10.25), high of 1178, low of 1167.25. November Soybeans (ZSX26) settled at 1191.25 (+9), high of 1193, low of 1182.5. Cash price is at 1171 (-1)
September Bean Meal (ZMU26) settled at 309.6 (+2.20) high of 312.4, low of 309.6
September Bean Oil (ZLK26) settled at 69.30 (+.51) high of 69.47, low of 68.33
Meal to Oil ratio (46.775% Meal – 53.225% Oil)
ZSU26 Moving Averages – (1164) 5-day, (1183) 20-day, (1161) 50-day, (1163) 100-day, (1133) 200-day
ZSX26 Moving Averages – (1181) 5-day, (1199) 20-day, (1175) 50-day, (1172) 100-day, (1138) 200-day
ZMU26 Moving Averages – (307.3) 5-day, (316.1) 20-day, (310.6) 50-day, (313.0) 100-day, (315.5) 200-day
ZLU26 Moving Averages – (69.10) 5-day, (70.06) 20-day, (70.02) 50-day, (69.71) 100-day, (62.12) 200-day
CORN –
September ’26 Corn settled at 459.25 (+11.25) (ZCU26) high of 459.75, low of 447.5. December ’26 Corn (ZCZ26) settled at 483.75 (+11.75). Cash price is 460 (-9)
Corn had a nice gain with the beans today, with support coming from Black Sea and European export concerns.
ZCU26 Moving Averages – (447) 5-day, (449) 20-day, (436) 50-day, (453) 100-day, (453) 200-day
ZCZ26 Moving Averages – (471) 5-day, (472) 20-day, (458) 50-day, (471) 100-day, (468) 200-day
WHEAT –
September Chicago Wheat (ZWU26) settled at 674 (+21.25), with a high of 677.25, low of 652.50. December ‘26 Wheat (ZWZ26) settled at 689 (+20.75). Chicago Wheat has a cash price of 610 (unchanged). September KC Wheat (KEU26) settled at 753 (+32.50)
Wheat rallied hard to end the week, with Black Sea tensions escalating and export concerns rising. KC led Chicago higher on the day.
ZWU26 Moving Averages – (650) 5-day, (658) 20-day, (631) 50-day, (633) 100-day, (604) 200-day
ZWZ26 Moving Averages – (667) 5-day, (676) 20-day, (648) 50-day, (651) 100-day, (621) 200-day
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