Corn gets pulled up by bullish soybean market

On Tuesday, Nov. 17, most-active Mar-21 corn futures settled at $4.2675, about 4.3 cents below the recent contract-high and 6.5 cents above the nearby Dec-20 contract. RSI was neutral to bullish at around 62.6 percent today, a six-session low. Fibonacci extension indicates resistance levels [...]

Soybean oil stocks rise slightly despite record-smashing October crush

NOPA members reported crushing 185.2 million bushels of soybeans in October, up 15 percent from September, up 6 percent year over year, and beating the previous record volume by almost 4.0 million bushels. Crush topped expectations, which averaged around 176 million bushels and maxed [...]

August soybean crush below expectations

NOPA members reported crushing 165.1 million bushels of soybeans last month, down from 172.8 million in July and 168.1 million in August 2019. Despite the drop YOY, August’s crush was still the second largest on record for the month. The industry had expected crush [...]

2019/20 soybean stocks raised to 620 million

Friday’s WASDE report showed that USDA is expecting higher soybean ending stocks for this season, although it isn’t sure yet which use category will be the source. Crush for 2019/20 was raised 15 million bushels from the June estimate, to 2.155 billion bushels, while [...]

WASDE: 2019/20 corn, soybean stocks rise slightly

The June WASDE features few major changes to the overall corn outlook. Ethanol demand in 2019/20 was reduced by 50 million bushels to 4.900 billion bushels. This was partially offset by 2019/20 production falling by 46 million bushels, mainly due to unrecovered corn in [...]

Optimism wins last week, pulling soy complex prices higher

Soybeans ended last week strongly, with July-20 futures up by almost $0.30 per bushel. Optimistic signs of additional Chinese buying and weakening of the U.S. dollar offered hope of additional export demand. The market is preparing for Thursday’s WASDE without too much fanfare anticipated [...]

2019/20 October soybean crush breaks record

NOPA members crushed 175.4 million bushels of soybeans in October, up 2 percent from October 2018, the previous record holder. Soybean oil yield fell to 11.57 pounds per bushel in October, compared to 11.71 pounds a year ago, but the high volume of crush [...]

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