Futures activity After a 16-cent rally last Monday, soybean futures were quiet the rest of the week and traded virtually unchanged around $12.47 per bushel (Jan-22 futures). S&D and fundamental factors Soybean export shipments the week ending Oct. 21 were very strong at 88.4 [...]
Mar-21 soybeans ended at $13.70 per bushel last week after recovering from the previous week’s speculative selloff. News of additional soybean purchases trumped reports of favorable weather in South America as demand is moving to the forefront of market-driving factors. Soybean harvest should be [...]
The soy complex saw values rally to new highs last week, bolstered by positive news regarding a plausible COVID-19 vaccine and soybean/soybean meal supply reductions for 2020/21. A downward technical correction lasted for a couple days after WASDE, but Jan-21 soybean futures closed the [...]
