Latest news with #SoyOil
Yahoo
a day ago
- Business
- Yahoo
Soybeans Rallying on President Trump Post
Soybeans are kicking off Monday with 19 to 21 cent gains following an late Sunday post from President Trump. Futures posted losses of 5 to 7 cents across most contracts on Friday, as September and November ended the week with a 1 ¾ cent loss. The cmdtyView national average Cash Bean price was down 7 cents at $9.28 1/4. Soymeal futures were creeping back higher, up 40 to 70 cents at the close, as September was $5.70 higher on the week. Soy Oil futures were down 78 to 88 points on the day, with September posting a weekly loss of 177 points. There were another 108 August soybean meal deliveries, with the month to date total at 3,471 contracts. Overnight, President Trump posted that, 'China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders...' This was enough to take the market higher on the hopes of some buying, if not a deal. More News from Barchart What Game Is Being Played in Grains Early Monday Morning? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Managed money added another 29,619 contracts to their net short position as of August 5, taking the total to 65,930 contracts. Commercials were net short 68,230 contracts by Tuesday a 19,529 contract reduction on the week. Ahead of the Tuesday Crop Production report, traders are looking for US soybean yield to be 53 bpa, with a range of 52 to 54. Production is seen at 4.374 billion bushels, which is up 39 mbu from the July WASDE. Analysts estimate old crop carryout down 5 mbu to 345 mbu. New crop stocks are seen 41 mbu higher at 351 mbu, Aug 25 Soybeans are at $9.66 3/4, down 5 cents, currently unch Nearby Cash is at $9.28 1/4, down 7 cents, Sep 25 Soybeans are at $9.67 3/4, down 6 1/4 cents, currently up 21 1/2 cents Nov 25 Soybeans are at $9.87 1/2, down 6 1/4 cents, currently up 20 1/4 cents New Crop Cash is at $9.19, down 6 1/2 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
4 days ago
- Business
- Yahoo
Soybeans Ease Back Lower on Friday
Soybeans posted losses of 5 to 7 cents across most contracts on Friday, as September and November ended the week with a 1 ¾ cent loss. The cmdtyView national average Cash Bean price was down 7 cents at $9.28 1/4. Soymeal futures were creeping back higher, up 40 to 70 cents at the close, as September was $5.70 higher on the week. Soy Oil futures were down 78 to 88 points on the day, with September posting a weekly loss of 177 points. Managed money added another 29,619 contracts to their net short position as of August 5, taking the total to 65,930 contracts. Commercials were net short 68,230 contracts by Tuesday a 19,529 contract reduction on the week. More News from Barchart Tighter Supplies and Brazilian Real Weakness Boost Coffee Prices Signs of Tighter Supplies Lift Coffee Prices Market Bottom Alert: Corn Prices Look Set to Gain After August 12 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! The 7 day forecast is creeping higher, with totals up to 1-nearly 5+ inches for parts of IA, southern WI, northern MO, and northwest IL in the next week. Areas in KS, MN, IN and MI are also expected to receive nearly an inch. Ahead of the Tuesday Crop Production report, traders are looking for US soybean yield to be 53 bpa, with a range of 52 to 54. Production is seen at 4.374 billion bushels, which is up 39 mbu from the July WASDE. Export Sales data has the old crop soybean commitments at 51.493 MMT, which is 101% of the USDA projection for exports and compares to the 103% average pace. Actual FAS exports are 94% of the USDA estimate at 47.887 MMT and behind the 45% average pace. Aug 25 Soybeans are at $9.66 3/4, down 5 cents, Nearby Cash is at $9.28 1/4, down 7 cents, Sep 25 Soybeans are at $9.67 3/4, down 6 1/4 cents, Nov 25 Soybeans are at $9.87 1/2, down 6 1/4 cents, New Crop Cash is at $9.19, down 6 1/2 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 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Soybeans Post Gains on Thursday
Soybeans rallied back on Thursday, with contracts up 9 to 10 ¼ cents at the close. The cmdtyView national average Cash Bean price was back up 8 1/2 cents at $9.35 1/4. Soymeal futures bounced back, with contracts up $3.30 to $4.00. Soy Oil futures were down 20 to 28 points on the day. There were 322 delivery notices for August soybean meal overnight, with 60 issued for soybeans and 61 against August soybean oil. The 7 day forecast is calling for heavy totals of 1 to 3+ inches rain over parts of IA, southern WI, northern MO, and northwest IL in the next week. More News from Barchart Coffee Prices Settle Lower on Tariff Woes Tariff Turmoil Weighs on Coffee Prices The Bullish Cattle Stampede Rumbles On. Here's What to Watch Next After Record Cattle Highs. Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Export Sales data showed old crop soybean sales in the week of 7/31 at 467,842 MT. That was a 4-week high and still 43.8% above the same week last year. Taiwan was the buyer of 150,400 MT, with the Netherlands in for 119,700 MT. New crop business was 545,010 MT, a MY high for new crop. Unknown destinations was the buyer of 254,300 MT, with 106,000 MT purchased by Egypt. Soybean meal sales were tallied at 281,761 MT, which was in the estimated range of 100,000 to 400,000 MT, with 169,393 MT for the current MY and 112,368 MT for next MY. Bean oil sales were tallied at 7,039 MT, which was in the middle of expectations of 0-13,000 MT. ANEC estimates Brazil's August export total at 8.15 MMT, which would be above the 7.98 MMT total from last year. Chinese imports of soybeans during July totaled 11.67 MMT from all destinations, which was a record for the month but down from 12.26 MMT in June. Aug 25 Soybeans closed at $9.71 3/4, up 10 1/4 cents, Nearby Cash was $9.35 1/4, up 8 1/2 cents, Sep 25 Soybeans closed at $9.74, up 8 1/2 cents, Nov 25 Soybeans closed at $9.93 3/4, up 9 1/4 cents, New Crop Cash was $9.26 3/4, up 9 1/2 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
5 days ago
- Business
- Yahoo
Soybeans On the Higher Side of Unchanged to Start Thursday Trade
Soybeans are steady to 3 cents higher in early Thursday trade. Futures closed with losses of 6 to 7 ½ cents across the front months on Wednesday. Preliminary open interest was up 5,141 contracts on Wednesday. The cmdtyView national average Cash Bean price was down 6 cents at $9.27 1/2. Soymeal futures were under pressure on Wednesday, down $2.10 to $4.40. Soy Oil futures were mixed, down 5 to 28 points higher. There were 322 delivery notices for August soybean meal overnight, with 60 issued for soybeans and 61 against August soybean oil. Temps are expected to warm up for a good portion of the central and eastern corn belt through the weekend. Precip is seen as limited through Friday, with some forecast for ND an scattered totals in IA and WI. The early part of next week is showing 1 to 2 inch totals expected for southern NE, IA, northern MO, and WI. More News from Barchart Coffee Prices Settle Lower on Tariff Woes The Bullish Cattle Stampede Rumbles On. Here's What to Watch Next After Record Cattle Highs. Tariff Turmoil Weighs on Coffee Prices 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! Export Sales data is expected to show between 100,000 and 300,000 MT of 2024/25 soybean sales in the week of July 31, with 200,000 MT and 500,000 MT for new crop business in Thursday morning's report. Soybean meal sales are seen in a range of 100,000 to 400,000 MT, with bean oil expectations of 0-13,000 MT. Brazil's trade ministry pegged the July soybean export total at 12.257 MMT, which was a record for the months, 8.95% above last year but a drop of 8.67% from June. The record crop is extending their shipping season. Chinese imports of soybeans during July totaled 11.67 MMT from all destinations, which was a record for the month but down from 12.26 MMT in June. Aug 25 Soybeans closed at $9.61 1/2, down 7 1/2 cents, currently up ½ cent Nearby Cash was $9.27 1/2, down 6 cents, Sep 25 Soybeans closed at $9.65 1/2, down 6 cents, currently up 2 ½ cents Nov 25 Soybeans closed at $9.84 1/2, down 6 1/4 cents, currently up 3 ¼ cents New Crop Cash was $9.16 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Soybeans Resuming Losses on Wednesday
Soybean futures are heading lower on Wednesday, with losses of 7 to 8 ½ cents. CME reported preliminary open interest up 4,577 contracts on Tuesday. The cmdtyView national average Cash Bean price is down 8 1/2 cents at $9.25 3/4. Soymeal futures are heading back lower, down $5.10 to $6.30. Soy Oil futures are back up 10 to 31 points. There were 518 delivery notices for August soybean meal overnight, with none issued for soybeans and soybean oil. Temps are expected to warm up for a good portion of the central and eastern corn belt through the weekend. Precip is seen as limited through Frida, with some forecast for ND an scattered totals in IA and WI. The early part of next week is showing 1 to 2 inch totals expected for southern NE, IA, northern MO, and WI. More News from Barchart Arabica Coffee Prices Sharply Higher on Brazil Coffee Crop Concerns Arabica Coffee Supported by Dry Conditions in Brazil Can Sugar Break Out from Its Bearish Trend? 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! Following threats of increased tariffs if India doesn't stop purchasing Russian oil, President Trump is set to raise tariffs by 25% to 50% on India starting on August 27 if they continue to import Russian oil. Aug 25 Soybeans are at $9.62, down 7 cents, Nearby Cash is at $9.25 3/4, down 8 1/2 cents, Sep 25 Soybeans are at $9.62 3/4, down 8 3/4 cents, Nov 25 Soybeans are at $9.82 1/4, down 8 1/2 cents, New Crop Cash is at $9.14 3/4, down 8 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
