Soybeans Find Support and Close Higher: CBOT soybean futures were higher at midweek as fund liquidation ended, allowing soybeans to follow the soybean oil market higher. The central Midwest forecast remains threatening for late development in soybeans, with virtually no rain projected in the next 10 days, with hot temperatures forecast into late next week.…
Soybeans Fall on Improved Condition Ratings: Soybean futures fell 20-30 cents on Tuesday following a larger-than-expected increase in national GD/EX crop condition ratings last week. Soybean meal paced Tuesday’s decline on larger-than-expected production from the NOPA report, with September falling below the 50-day moving average. Despite a larger-than-expected July soybean crush and soybean oil production…
Soybeans Start the Week with Good Gains: Soybeans marked an inside day of trade on Monday but made back all of Friday’s losses on fund buying. Ahead of the morning open, the USDA announced new crop soybean export sales of 15.3 Mil Bu that were sold to unknown destinations. August soybeans expired at $13.91 vs.…
US wheat ending stocks were raised for a second month as lower projected exports more than offset a modest decline in all-wheat production. US winter wheat output was raised 21 Mil Bu, mostly due to larger projected Midwest SRW yields. Spring wheat production was lowered 29 Mil Bu following the ongoing collapse in crop ratings…
Soybeans End Mostly Higher Ahead of USDA August Report: Soybean futures were mostly firm on Thursday, supported by light fund buying ahead of the August Crop Report. August soybeans fell 19 cents ahead of Monday’s expiration. Old crop soybean sales last week rose to a 7-week high of 14 Mil Bu, and exports were at…
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