China & weather continue to fuel soybean rally

As we enter the first month of the new marketing year, 2020/21 soybean exports are expected to continue at a blistering pace thanks to large buys from China during the last quarter of 2019/20. This activity fueled an impressive late-August rally in soybean futures, [...]

24.2 MMT of 2020/21 soybean exports already sold

As of Aug. 27, the U.S. had pre-sold 24.2 MMT of new-crop soybeans, beating the previous sales record set in 2013/14 of 23.9 MMT of 2014/15 soybeans. USDA is currently forecasting 2020/21 U.S. soybean exports at 57.8 MMT (2.125 billion bushels), a return to [...]

Soybean exports closing out August on high note

The U.S. exported 1.28 MMT of soybeans during the week of Aug. 20, the highest weekly volume since last December. The week’s shipments raised cumulative 2019/20 exports to 43.24 MMT (1.59 billion bushels). The season total seems poised to beat USDA’s current forecast of [...]

Soybean exports have a big week

Tensions between the U.S. and China continued as the U.S. demand for the closure of China’s Houston consulate was met with a retaliatory demand for the closure of the U.S.’s Chengdu consulate. Amidst the friction, China purchased a hefty volume of U.S. soybeans last [...]

Soybean market creeping higher

Soybean exports remain on pace, with healthy Chinese purchases totaling 320,038 MT during the week ending Jun. 11, about 60 percent of the purchases made during the week. As of now, the current USDA projection of 1.650 billion bushels looks attainable with the current [...]

Soybeans affected by rise in U.S.-China tension

Soybean futures lost a little ground amid the rise in tension between the U.S. and China. May 22’s settle for the nearby contract was down over 11 cents from the start of the week. In the export market for the week ending May 14, [...]

Soy complex: Different strokes for different products

Soy complex price action lately has been a mixed bag, with each component’s market behaving a bit differently from the others. Soybean futures were relatively tame recently, moving within just a few cents per bushel in trading throughout the week. Conversely, soybean meal: After [...]

WASDE: Drop in use, stocks rise for corn, soybeans

USDA lowered 2019/20 corn use for ethanol by 375 million bushels to 5.050 billion bushels in the April WASDE. This drop was partially offset by feed and residual demand rising to 5.675 billion bushels, up 150 million bushels from March. With use 205 million [...]

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