Soybean & soybean oil futures move in opposite directions

Futures activity Soybean oil futures rose steadily all last week, supported by rising palm oil prices. Dec-21 bean oil futures rose from 58.85 cents per bushel to 61.40 cents per bushel, nearing a two-month high if futures climb to 62.3 cents per pound this [...]

China hesitates to ramp up new-crop soybean orders

The week ending Jul. 8 was mighty slow for soybean exports, thanks in part to the holiday. This marketing year continues to track 2014/15’s late-season pace very closely, and if July and August keep to the pattern, the final weeks of 2020/21 might add [...]

No change to 2020/21 soybean export estimate

USDA left all the 2020/21 soybean S&D numbers unchanged in yesterday’s WASDE, including 2020/21 exports at 2.28 billion bushels. The initial forecast for 2021/22 exports is 2.08 billion bushels. This season’s cumulative exports as reported by FAS seem right on track to hit the [...]

Soybean exports rise ahead of shift to South American market

The U.S. exported a robust 2.38 MMT of soybeans during the week ending Jan. 14, including 1.35 MMT destined for China. Export pace did not fall off much during the holidays, and last week’s shipments were notably strong for this time of year. Net [...]

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 [...]

Soybean export sales slide lower

Net soybean export sales for the week of Feb. 13 were 494,277 MT, down 23 percent week over week. Reductions were minimal for the second week in a row. China’s soybean purchases fell to just 11,500 MT, and the country’s outstanding sales were only [...]