Soy oil, meal futures decouple from soybeans

Futures activity Nov-22 soybean futures ended last week at $13.9550 per bushel, up about $0.10 per bushel from the beginning of the week. After a Thursday rally, Dec-22 soybean meal closed the week at $417.90 per short ton. Dec-22 soybean oil also ended the [...]

Quarterly grain stocks report surprises market

The September Grain Stocks report showed 2021/22 ending stocks for corn at 1.377 billion bushels, down 148 million bushels from the estimate in the September WASDE. The corn futures market responded vigorously, rising to a high of $6.9625 per bushel. USDA lowered 2021/22 corn [...]

Soy complex rebounds as Midwest weather turns ominous

Futures activity Soybean futures demonstrated their greatest gains in about 18 years last week as weather concerns moved into the market. Aug-22 soybean futures increased by $1.64 per bushel last week to close at $16.37 per bushel on Friday. Nov-22 futures increased 9 percent [...]

Soybeans: Speculative selling counters bullish WASDE

Futures activity Soybean futures felt the influence of speculative liquidation last week despite a bullish WASDE report. Aug-22 soybean futures closed the week at $14.66 per bushel, down by $0.56 per bushel from last Monday. November beans are down by $0.63 over the week [...]

Soybean market eyes acreage report next week

Futures activity May-22 futures rose last week from $16.68 per bushel back above $17 dollars to $17.09 per bushel, reaching new contract highs. S&D and fundamental factors Informa expects U.S. soybean acres at 88.6 million acres, at or just above current market expectations ahead [...]

South American soybeans lead corn higher

Futures activity We just closed another week with higher futures as the Mar-22 corn contract settled at $6.54 per bushel, up from a low of $6.38 per bushel last Tuesday. Meanwhile, the Dec-22 harvest contract is rapidly approaching $6, closing the week at $5.9775 [...]

Bullish WASDE & CONAB reports for soy complex

Futures activity Mar-22 soybean futures saw a volatile week of trading, with prices making fresh highs of $16.33 per bushel last Thursday morning before crashing to close at $15.74 per bushel. On the week, prices moved up 32 cents per bushel to $15.85 per [...]

South American weather dominates soybean market

Futures activity Jan-22 soybean futures exited the board at $13.5675 per bushel. For Mar-22, futures ended last week lower at $13.6975, down by nearly $0.40 per bushel from the previous Friday. S&D and fundamental factors In last week’s WASDE, USDA raised U.S. soybean ending stocks [...]

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