Latest news with #SoyOil
Yahoo
4 days ago
- Business
- Yahoo
Soybeans Falling on Friday Morning
Soybeans are continuing this week's weaker path with contracts kicking off Friday with losses of 7 cents in the front months. Futures saw mixed trade at Thursday's close with August down 1 ½ cents and other contracts fractionally to 2 cents higher. Preliminary open interest was down 10,498 contracts on Thursday. The cmdtyView national average new crop Cash Bean price was up 1 1/4 cents at $9.73 1/4. Soymeal futures are back down $1.00 to $2.50/ton. Soy Oil was 37 to 53 points higher. USDA's weekly Export Sales report tallied old crop soybean bookings at 160,872 MT in the week ending on 7/17. That was back down 60.8% from last week but up 81.5% from the same week last year. The Netherlands was the top buyer of 116,800 MT, with 67,900 MT sold to Mexico. The new crop total was 238,816 MT, a 4-week low. Unknown destination was the top buyer of 120,000 MT. More News from Barchart Coffee Prices Settle Higher on Brazil Weather Risks Weather Risks in Brazil Boost Coffee Prices Cocoa Prices Finish Sharply Lower as Chocolate Demand Wanes Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Soybean meal was tallied at 182,610 MT for the current MY, with sales for next marketing year at 91,907 MT and the total of 274,517 MT on the low side of the expected 250,000 and 550,000 MT. Bean oil sales were 599 MT in net reductions for 2024/25, with 1,953 MT for 2025/26, on the low side of the 0 to 20,000 MT seen for bean oil. Aug 25 Soybeans closed at $10.04 1/4, down 1 1/2 cents, currently down 7 cents Nearby Cash was $9.70 3/4, up 1/2 cent, Sep 25 Soybeans closed at $10.05 3/4, up 3/4 cent, currently down 7 cents Nov 25 Soybeans closed at $10.24 1/4, up 1 1/2 cents, currently down 7 cents New Crop Cash was $9.73 1/4, up 1 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
4 days ago
- Business
- Yahoo
Soybeans Continue Losses into the Weekend
Soybeans were under pressure heading into the weekend, with contracts down 3 to 6 cents, as August was down 29 cents on the week and November slipping just 14 ¾ cents. The cmdtyView national average new crop Cash Bean price is down 3 3/4 cents at $9.70 3/4. Soymeal futures were back down $1.60 to $1.80/ton, as August was $6.20 lower on the week. Soy Oil was 22 to 23 points lower on Friday, but managed 67 point gains this week. USDA reported a private export sale of 142,500 MT of soybeans sold to Mexico this morning for new crop shipment. More News from Barchart Coffee Prices Settle Higher on Brazil Weather Risks Grain Market Update: Where are Soybean, Corn, and Wheat Prices Headed? Cocoa Prices Finish Sharply Lower as Chocolate Demand Wanes Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! As we round out July, rain is expected to make its way from the northern Plains most of the Eastern Corn Belt in the next week, with 1 to 2 inches. Weekly Commitment of Traders data indicated a total of 21,412 contracts were cut from the managed money net short position in soybean futures and options as of July 22. That took their net position to 10,886 contracts by Tuesday. Export Sales from Thursday tallied the marketing year commitments for shipped and unshipped sales at 50.809 MMT, which is just over the USDA export projection. Shipments according to FAS data are 46.831 MMT, which is 92% of the expected number and behind the 93% average pace. Aug 25 Soybeans closed at $9.98 3/4, down 5 1/2 cents, Nearby Cash was $9.65 1/4, down 4 1/2 cents, Sep 25 Soybeans closed at $10.02, down 3 3/4 cents, Nov 25 Soybeans closed at $10.21, down 3 1/4 cents, New Crop Cash was $9.70 3/4, down 3 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Soybeans Fall as Traders Look for Other Trade Deals
Soybeans failed to hold onto the midday gains, as futures were pressured lower into the close, down 2 to 4 ½ cents. The cmdtyView national average new crop Cash Bean price was down 2 1/2 cents at $9.72 1/4. Soymeal futures were back down 40 cents to $1.80/ton. Soy Oil was back to higher trade, with gains of 29 to 51 points. Japan and the US agreed to a trade deal that was announced late on Tuesday. Tariffs will be set at 15% starting August 1. Japan will buy $8 billion of US goods including soybeans according to the White House fact sheet. The US and Indonesia also agreed to a deal, which would set US tariffs on Indonesian goods at 19% on most goods, with Indonesia eliminating most tariffs on US goods. Much of the trade focus is on the EU and Chinese trade talks and getting details nailed out before shipping season starts in a couple months. More News from Barchart Frost Threats in Brazil Push Coffee Prices Sharply Higher Signs of Weak Chocolate Demand Undercut Cocoa Prices Coffee Prices Underpinned by Frost Concerns in Brazil Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! USDA's weekly Export Sales date is expected to show between 100,000 and 350,000 MT of old crop soybeans sold in the week ending on 7/17, with 250,000 to 500,000 MT seen for new crop. Soybean meal is expected to see between 250,000 and 550,000 MT, with 0 to 20,000 MT seen for bean oil. Rain is expected to continue across much of the Corn Belt in the next week, with lighter totals seen in the Southern Plains. Aug 25 Soybeans are at $10.05 3/4, down 4 1/2 cents, Nearby Cash is at $9.69 1/4, down 4 1/2 cents, Sep 25 Soybeans are at $10.05, down 3 cents, Nov 25 Soybeans are at $10.22 3/4, down 2 3/4 cents, New Crop Cash is at $9.72 1/4, down 3 1/2 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
Soybean Bulls Pushing Back on Wednesday Morning
Soybeans are up 5 to 6 cents early on Wednesday AM trade. Futures were off their intraday lows on Tuesday but still settled with losses of fractionally in the new crop months as 2 ½ to 4 ¾ cents in the nerabys. Preliminary open interest rose 6,875 contracts on Tuesday. The cmdtyView national average new crop Cash Bean price was down 1/2 cent today at $9.76 3/4. Soymeal futures are trying to break out, with Tuesday gains of 30 cents to $3.30/ton. Soy Oil was pressured by crude oil weakness, down 35 to 44 points. Ahead of a meeting with Chinese counterparts, Treasury Secretary Bessent expects to see the tariff deadline of August 12 extended. Japan and the US agreed to a trade deal that was announced late on Tuesday. Tariffs will be set at 15% starting August 1. It also expects to boost rice imports by Japan, with Japan buying $8 billion in ag goods. More News from Barchart Coffee Prices Rise on Frost Threats in Brazil Frost Threats in Brazil Push Coffee Prices Sharply Higher Signs of Weak Chocolate Demand Undercut Cocoa Prices Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Brazil soybean exports are estimated to total 12.11 MMT in July, down from the 12.19 MMT from last week's estimate. Aug 25 Soybeans closed at $10.10 1/4, down 4 3/4 cents, currently up 5 cents Nearby Cash was $9.73 1/4, down 3 3/4 cents, Sep 25 Soybeans closed at $10.08, down 2 1/2 cents, currently up 5 1/2 cents Nov 25 Soybeans closed at $10.25 1/2, down 1/2 cent, currently up 5 3/4 cents New Crop Cash was $9.76 3/4, down 1/2 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
22-07-2025
- Business
- Yahoo
Soybeans Post Double Digit Losses on Monday
Soybeans failed to see much buying out of the weekend, as contracts were down 9 to 13 cents at the close. The cmdtyView national average new crop Cash Bean price is down 10 cents today at $9.76 1/4. Soymeal futures were up a dime. Soy Oil was 23 to 27 higher in the front months. The Monday afternoon Crop Progress report from USDA showed a total of 62% of the US bean crop blooming, with 26% setting pods. Condition ratings slipped 2% to 68% in good/excellent categories, as the Brugler500 was down 2 points to 373. More News from Barchart Brazil Coffee Harvest Pressures Hammer Prices Left for Dead, Grain Market Bulls Now Have a Pulse Brazil Coffee Harvest Pressures Slam Coffee Prices Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Following some weekend rains across the Corn Belt, forecasts continue to call for spotty totals near an inch over parts of the ECB later in the week. The Dakotas, MN, WI, and northern IA are expected to receive 1-2 and, in some cases, up to 4 inches in the early part of this week. USDA reported soybean export inspections for the week ending July 17 totaled 364,990 metric tonnes (MT), up modestly from 338,255 MT a year ago and sharply higher than the 151.346 MT reported last week (after today's revisions). Aug 25 Soybeans closed at $10.15, down 12 3/4 cents, Nearby Cash was $9.77 1/4, down 12 3/4 cents, Sep 25 Soybeans closed at $10.10 1/2, down 10 1/2 cents, Nov 25 Soybeans closed at $10.26, down 9 3/4 cents, New Crop Cash was $9.76 1/4, down 10 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
