Soybeans End Firm Following Early Selloff: Soybean futures plunged to new lows in early trade on Wednesday and were near daily highs at the close. July uncovered good demand below $12.75 and was 3.25 higher at the close, while the rest of the market was nearer to the day’s highs. Soymeal marked similar closes, falling…
Soybeans Fall on Technical Selling: Soybean futures fell to steep losses to start the week. Soybean oil led CBOT soy markets lower and fell back to test recent lows, while old and new crop soybeans were pulled to new lows. NASS reported that soybean planting progress advanced 17% last week to 83% complete. IA reached…
Soybeans Fall on Technical Selling: Soybean futures finished lower on Thursday. Soybean meal initially fell to new lows, and selling in soybeans accelerated as old and new crop futures broke through weekly lows. July recovered late in the day to end just below unchanged. Soybean export sales last week rose to a 3-week high of…
Soybeans End Lightly Mixed at Midweek: CBOT soybean futures were lightly mixed, but little changed on nearby strength on Wednesday. July soybeans gained 2 cents on quieter trade, while new crop was down 2.75 cents. After falling to multi-year lows through the first 4 months of the year, soybean crush margins finally found a low…
Soybeans Correct Tuesday’s Gain: CBOT soybean futures gave back part of Monday’s rally with soyoil pacing the drop. Fresh market news was limited, but the market is preparing for a long holiday weekend, and the theme of expanding day-to-day price volatility heading into the heart of the growing season stays in play. ARC doubts that…
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