While most folks enjoyed the holidays, the grain markets, specifically corn and soybeans, experienced a notable late-year rally. Corn futures rose back above $6 per bushel and soybeans back above $13.50 per bushel. Most of the rally has been driven by a South American [...]
Futures activity Soybean futures have been rallying each day since Dec. 13, moving up nearly $1.00 per bushel over that period. Jan-22 futures closed last week at $13.32 per bushel, the highest since August 2021. S&D and fundamental factors Chinese purchases of U.S. soybeans [...]
Futures activity Last week’s trading activity was a mixed bag for the soy complex. Jan-22 soybean futures ended the week at $12.6775 per bushel, nearly identical with the week ending Dec. 3. Soybean meal closed at $366.80 per short ton, up $14.20 per ST [...]
Futures activity Despite what most would consider a bearish WASDE report (at least for domestic soybeans and soybean oil), soy complex futures ended last week considerably higher than they began. Jan-22 soybean futures closed at $12.445 per bushel, up nearly 5 percent from last [...]
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 [...]
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 [...]
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 [...]
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 [...]
