May-23 soybean oil futures Archives

Global soybean market dynamics support futures

Global soybean market dynamics support futures

May-23 soybean futures closed at a high last week while Nov-23 soybean futures closed lower. May-23 soybean oil was down by less than 1 cent for the week. Brazil is said to have already sold 66 MMT of their record soybean harvest, the main [...]

By Eric Thornton|April 18, 2023|Categories: Corn & Soy Complex, Edible Oils, Energy, Weather|Tags: Argentina soybean crop, Brazil soybean harvest, Grain Belt weather, May-23 soybean futures, May-23 soybean oil futures, Spot crude oil|0 Comments

USDA reports offer support to the soy complex

USDA reports offer support to the soy complex

Soy complex futures rocketed higher last Friday via support from today’s USDA acreage and stocks reports. May-23 soybean futures climbed 31 cents and Nov-23 futures rose 16 cents. U.S. soybean stocks as of Mar. 1 were 1.685 billion bushels, lower than last year by [...]

By Nicole Thomas|April 4, 2023|Categories: Corn & Soy Complex, Edible Oils, Weather|Tags: Ag Outlook conference, Argentina soybean crop, Buenos Aires Grain Exchange, May-23 soybean futures, May-23 soybean oil futures, midwest weather, Prospective Plantings report, U.S. soybean plantings, USDA|0 Comments

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