AgResource Soybean Comment and Analysis
Soybeans Fall on Financial Market Liquidation: Weakness in financial markets had soybean futures under pressure to start the week. November soybeans fell to limit losses after the morning open but uncovered demand at the 200-day moving average and finished well above the early morning lows. Meal paced the decline while oil closed nearer to its…
AgResource Corn Comment and Analysis
CBOT Corn Ends Weak but Off Lows Amid Concern over Chinese Demand; Crude Drops $4 per Barrel: CBOT corn futures ended 13-15 cents lower amid broadly negative input. Questions over future Chinese demand linger amid ongoing economic and US/China political struggles. And soaking rain in IA & MO will work to stabilize yield, while long-term…
US Soybean Crush Update
The August NOPA crush report showed a July soybean crush rate of 170.2 Mil Bu. The figure was a little short of the average trade estimate but was 5.5 Mil Bu more than the June crush rate and 15.1 Mil Bu more than a year ago. This was also the 2nd largest July soybean crush…