Latest news with #ANEC
Yahoo
13 hours ago
- Business
- Yahoo
Soybean Pressure Continuing on Wednesday Morning
The soybean market is trading with losses of 4 to 6 cents. Soybeans fell back another 9 to 12 cents on Tuesday. Preliminary open interest was up 17,807 contracts on Tuesday with the exception to July (down 26,088 contracts). The cmdtyView national average Cash Bean price was down 9 3/4 cents at $10.01 3/4. Soymeal futures were $1 to $2.10/ton lower. Soy Oil was down 96 to 114 points on the day. Crude oil losses, down $3.50/barrel, added to the bean oil weakness. The forecast continues to look less threatening to the US, with rains of at least an inch from the Northern Plains to the Eastern Corn Belt over the next week. Coffee Prices Plummet as Frost Risks in Brazil Subside Robusta Coffee Prices Are Still Falling. Are We Finally at an Inflection Point? Coffee Prices Slammed as Frost Risks in Brazil Recede Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Brazil's soybean exports for June are expected to total 14.99 MMT according to ANEC, which is up from the 14.36 MMT previous estimate. Jul 25 Soybeans closed at $10.46 3/4, down 12 cents, currently down 5 cents Nearby Cash was $10.01 3/4, down 9 3/4 cents, Aug 25 Soybeans closed at $10.50 1/4, down 11 3/4 cents, currently down 4 3/4 cents Nov 25 Soybeans closed at $10.37, down 9 3/4 cents, currently down 5 1/2 cents New Crop Cash was $9.84 3/4, down 9 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
a day ago
- Business
- Yahoo
Soybean Weakness Extending to Tuesday's Midday
Soybean Weakness Extending to Tuesday's MiddaySoybeans are falling another 9 to 10 cents so far on Tuesday. The cmdtyView national average Cash Bean price is down 7 cents at $10.04 1/2. Soymeal futures are $1.30/ton lower. Soy Oil is trading with midday losses of 133 points. The weekly USDA crop progress report showed US soybean planting progressing just 3% in the week ending on Sunday, to 96% complete, lagging the five year average of 97%. Emergence was at 90%, matching the average pace, with 8% blooming, up from the normal 7%. Traders had been expecting crop conditions to improve, though USDA data showed steady ratings at 66% gd/ex. The Brugler500 index was unchanged at 367. There were several shifts by state, with the fringe states seeing the largest swings. Ratings in IN were down 5, IA slipping 6, MO 3 points lower, NE 9 points worse, and ND dropping 12. Conditions in MN and OH up 5 points. Slack Rain and Frost Threats in Brazil Push Coffee Prices Sharply Higher Slowing Ivory Coast Cocoa Exports Boosts Cocoa Prices Cattle Hit a Speedbump Last Week. Is This the End of the Bull Run? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Commitment of Traders data indicated that soybean speculators were increasing their net long position by 33,526 contracts in the week ending last Tuesday. As of June 17th, their net long was 59,165 contracts. Brazil's soybean exports for June are expected to total 14.99 MMT according to ANEC, which is up from the 14.36 MMT previous estimate. Jul 25 Soybeans are at $10.49 1/2, down 9 1/4 cents, Nearby Cash is at $10.04 1/2, down 7 cents, Aug 25 Soybeans are at $10.53, down 9 cents, Nov 25 Soybeans are at $10.37 1/2, down 9 1/4 cents, New Crop Cash is at $9.84 1/4, down 9 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Corn Pushing to New Lows on Tuesday
The corn market is continuing to struggle on Tuesday, weighted by losses crude oil market, as well as spillover pressure from wheat. Contracts are down 1 to 4 cents at midday. The front month CmdtyView national average Cash Corn price was down 1 1/4 cents at $3.95. USDA reported a private export sale of 630,000 MT of corn to Mexico this morning, with 554,400 MT for 2025/26 and 75,600 MT for 2026/27. Slack Rain and Frost Threats in Brazil Push Coffee Prices Sharply Higher Slowing Ivory Coast Cocoa Exports Boosts Cocoa Prices Cattle Hit a Speedbump Last Week. Is This the End of the Bull Run? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! After the Monday close, USDA Crop Progress report showed corn at 97% emerged across the country, 1 point behind the five year average pace. The crop was also listed a 4% silking, ahead of the 3% average pace. Condition ratings were down 2 percentage points to 70% good/excellent, below the trade ideas of 72%. The Brugler500 index was 3 points lower to 376 points. By state, the Western Corn Belt saw much of the decline, with CO dropping 30 points, as NE was down 7, with ND down 13 and TX dropping 16. Conditions in IN were down 7, with IA slipping 3. Ratings improved in IL by 4, with MN up 3, and OH up 7. The delayed CFTC report showed managed money increasing their net short position in corn futures and options by another 20,768 contracts as of June 17th. Their net short position nearly a week ago was 184,788 contracts. ANEC estimates the Brazilian corn exports in June at 828,959 MT, which is down from the 913,316 MT in the previous estimate. Jul 25 Corn is at $4.18, down 1 1/4 cents, Nearby Cash is at $3.95, down 1 1/4 cents, Sep 25 Corn is at $4.14, down 3 1/2 cents, Dec 25 Corn is at $4.31, down 2 3/4 cents, New Crop Cash is at $3.87 3/4, down 2 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Globe and Mail
14-02-2025
- Business
- Globe and Mail
Corn Leaking Lower on Wednesday Morning, Following up Tuesday Pressure
The corn market is trading with early Wednesday losses of 1 to 2 cents. Corn failed to show much positive reaction to USDA's report on Tuesday, despite a cut to both the Argentina and Brazilian crops. Futures closed with losses of 6 to 8 cents in the front months and new crop December down a penny. The national average Cash Corn price from cmdtyView was down 7 1/4 cents at $4.50 3/4. Tuesday's WASDE report tallied the US 2024/25 carryout total at 1.54 bbu, steady with the January number. USDA raised the US cash average price by a dime to $4.35. On the World side, Brazil production was down 1MMT to 126 MMT, with the USDA citing slower planting of the second crop. Argentina was 1 MMT lower to 50 MMT. USDA also slashed world stocks by 3.03 MMT to 293.34 MMT, with Chinese stocks 3 MMT lower on fewer imports. ANEC increased their projection for the February Brazilian exports to 1.3 MMT, up 0.27 MMT from their previous estimate. Patria Agronegocios reduced their Brazil corn crop by 4.8 MMT from their previous number to 125.03 MMT. Overnight, a South Korean importer issued a tender for 140,000 MT of corn, with a Thursday deadline given. Mar 25 Corn closed at $4.84, down 7 1/2 cents, currently down 2 cents Nearby Cash was $4.50 3/4, down 7 1/4 cents, May 25 Corn closed at $4.98, down 6 1/2 cents, currently down 1 ¾ cents Dec 25 Corn closed at $4.70 1/4, down 1 cent, currently down 1 cent New Crop Cash was $4.38 5/8, down 1 1/4 cents,
