CBOT soybean futures rallied sharply amid massive fund short covering and the seeding delays produced by wet Central US weather. Funds bought an estimated 17,000 contracts of soybeans, 9,000 contracts of soymeal and 5,100 contracts of soymeal. It was one of the largest days of fund demand in over 2 years! ARC estimates that the…
CBOT soybean futures marked an inside day of trade to end the week. Strong rallies in the corn/wheat markets offered support for soybeans which closed up 8-9 cents on Friday. For all the buying that occurred in the grain markets last week, funds covered just a small portion of the soybean position. The CoT showed…
CBOT soybeans were lower to start the morning and a midday rally was stopped as the USDA released initial details of the 2019 Market Facilitation Payment program. The market’s knee jerk reaction was that the MFP program would encourage farmers to plant more acres of everything – and soybeans sold off late in the day.…
 CBOT soybean futures recovered part of Tuesday’s losses today. Late Tuesday afternoon, a USDA spokesperson emphasized that the 2019 MFP would be designed not to sway acreage decisions. Ag Secretary Perdue also indicated that program details would be available soon. The CBOT accepted this and closed 6-7 cents higher. Commodity funds were estimated buyers of…
CBOT soybean futures were higher overnight and in early trade through Tuesday. A midday newswire report indicated that the government would announce a 2019 Market Facilitation Payment of $2/Bu for soybeans that is based on 2019 seedings. This sent soybean futures lower late in the day – down 9-10 cents at the close. Â The…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
