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Yahoo
8 hours ago
- Business
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Soybeans In the Red on Wednesday
The soybean market is posting 15 to 17 cent losses across most contracts on Wednesday. The cmdtyView national average Cash Bean price is down 15 3/4 cents at $9.85 3/4. Soymeal futures are $3.80/ton lower. Soy Oil is down 20points on the day. 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 Have the Wheels Fallen Off the Corn Market? Cocoa Prices Supported by Tighter Supplies from the Ivory Coast Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Export Sales data is set to be released on Thursday morning, with traders expecting to see between 200,000 and 600,000 MT of soybeans sold for 2024/25 shipment. New crop sales are expected to see 0 to 150,000 MT in sales during the week of June 19. Sales for soybean meal are estimated between 100,000 and 650,000 MT, with net reductions of 10,000 MT to net sales of 34,000 MT for soybean meal. The June Acreage report will be out on Monday with the trade looking for 83.5 million acres of soybean planted this spring, which matches the March Planting Intentions report. The range of estimates is 82 to 85 million acres. Jul 25 Soybeans are at $10.30 1/2, down 16 1/4 cents, Nearby Cash is at $9.85 3/4, down 15 3/4 cents, Aug 25 Soybeans are at $10.33 1/2, down 16 3/4 cents, Nov 25 Soybeans are at $10.21, down 16 cents, New Crop Cash is at $9.68 1/2, down 16 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
8 hours ago
- Business
- Yahoo
Corn Losses Continuing to New Lows on Wednesday
Corn futures are down 5 to 6 cents across most contracts on Wednesday's midday. The front month CmdtyView national average Cash Corn price is down 5 1/4 cents at $3.88 1/4. The Wednesday EIA report showed ethanol output pulling back 28,000 barrels per day in the week that ended on June 20 to 1.081 million bpd. That was a 4-week low. Stocks of ethanol were up 284,000 barrels to 24.404 million barrels. Ethanol exports were down 53,000 bpd wk/wk to 110,000 bpd, with refiner inputs of ethanol up 3,000 bpd to 913,000 bpd. Gasoline product supplied (implied gasoline use) was the largest since December 2021 at 9.688 million bpd. Coffee Prices Plummet as Frost Risks in Brazil Subside Have the Wheels Fallen Off the Corn Market? Cocoa Prices Supported by Tighter Supplies from the Ivory Coast Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Rains are falling in the Western Corn Belt and will continue in the next couple days. The 7-day total shows 1 to 4 inches in the ECB, with ECB totals upwards of 1.5 inches. Export Sales data will be released on Thursday morning, with the trade looking for between 0.5 and 1.2 MMT of old crop corn sold in the week that ended on June 19. Sales for 2025/26 are estimated to total between 100,000 and 350,000 MT. USDA will release their June Acreage report on Monday. Traders are looking for an average of 95.4 million acres planted this spring, which would be slightly below the March Intentions report. The range of estimates is a wide 93.8 to 96.8 million bushels. A South Korean importer purchased a total of 266,000 MT of corn in a tender overnight. Jul 25 Corn is at $4.11, down 5 1/4 cents, Nearby Cash is at $3.88 1/4, down 5 1/4 cents, Sep 25 Corn is at $4.05 3/4, down 6 1/2 cents, Dec 25 Corn is at $4.23, down 6 cents, New Crop Cash is at $3.80 1/2, down 6 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
13 hours ago
- Business
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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
