China’s buying spree pushes soy complex to new heights

The soy complex extended its momentous run last week, hitting contract highs for futures connected to the 2020/21 marketing year. A combination of bullish factors supported the move: a tightening balance sheet, a surge in Chinese buying, and ongoing reports of troublesome weather in [...]

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, [...]

Soybean futures reach seven-month high

Soybean futures last Monday closed 9 points higher at $9.12 per bushel, the highest price since Jan. 22. The rally was fueled by less-than-ideal weather forecasts and continued strong import sales for new-crop soybeans. Weather reports Monday were indicating 50 percent of usual rainfall [...]

Soybean market poised for lower range?

Soybeans, like corn, are developing quickly and are in good shape, leading the market to expect USDA will raise estimated 2020/21 yield in the August WASDE report. In July, USDA put new-crop soybean yield at 49.8 bushels per acre, based on the department’s weather-adjusted [...]

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 [...]

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, [...]

Soybean market gets a boost from weather, China

Soybean futures closed on Friday, May 8, with a 14-cent increase on the week as the market took notice of Chinese trade discussions and potential early weather issues. Beans are off to a quick start in terms of planting progress given the favorable weather [...]

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 [...]

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