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 [...]

Post-report pressure on soybean, soy meal futures

Futures activity Nov-21 soybean futures came under extreme pressure after Thursday’s Grain Stocks report, settling the week at $12.4650 per bushel, down 41 cents per pound from Monday. Soybean meal futures also took a hit as the Dec-21 contract closed last week lower by [...]

Biofuel rumors loom over soybean market

Futures activity Soybean futures posted a strong rebound last week, with Sep-21 futures closing on Friday up by over $0.65, at $13.5925 per bushel. Nov-21 soybeans closed lower (but higher for the week) at $13.2325 per bushel. S&D and fundamental factors 2021/22 export sales [...]

Soybeans end week on bullish note

Futures activity After a bullish WASDE report (arguably more so for corn and wheat than soybeans directly), prices rallied after weeks of consolidation. Sept-21 soybean futures closed last week higher by nearly 32 cents at $13.73 per bushel. Soybean oil followed suit, with the [...]

Soybean stress rising from hot, dry weather

Futures activity Bullish traders tried this week to retrace last week’s decline, but in the end there was no enthusiasm for values much above $13.60 for the most-active Nov-21 contract. Friday, November futures lost 28.5 cents to settle at $13.4925, below the 20-day moving [...]

Weather, edible oils supply will drive soybean futures

Futures activity Soybean futures rallied last week, driven by weather concerns and impact on yield. Aug-21 soybeans closed Friday at $14.5475 per bushel, up from $14.04 on Monday. Aug-21 soybean meal closed the week at $363.20 per short ton, and Aug-21 soybean oil settled [...]

Soybeans crash to five-month low

Soybean futures prices fell all last week, plummeting to a five-month low on Thursday’s sell-down to $13.29 per bushel. Continued rumors of EPA changes to biofuel mandates, a more favorable weather outlook for the Grain Belt, and a May crush report below expectations all [...]

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