Latest news with #Soybeans
Yahoo
3 hours 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
21 hours 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
2 days ago
- 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
Yahoo
3 days ago
- Business
- Yahoo
Soybean Futures Double Digits Lower in Midday Monday Action
Soybeans are showing 13 to 15 cent per bushel losses at midday on Monday, vs. the Friday settlements. Beans had posted Friday gains of 6 to 9 cents Preliminary open interest was up 1,214 contracts on Friday, suggesting a rotation of ownership. The cmdtyView national average new crop Cash Bean price is down 14 ½ cents today at $9.72 3/4. Soymeal futures are trading $3.80 to $4.00/ton lower at midday, erasing last week's gains (August was up $3.70 last week). Soy Oil was 40 to 42 points lower in the front months earlier this morning but has reduced those losses to 30 to 33 points going into midday. . Following some weekend rains across the Corn Belt, forecasts continue to call for 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. More News from Barchart What is Watson Watching in the Grains Sector this Week? Soybean Meal Prices Are Rebounding. How Much Higher Can They Go? Brazil Coffee Harvest Pressures Hammer Prices Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Spec traders in soybean futures and options were shifting to a more bearish attitude in the week that ended on July 15, adding 26,062 contracts to their CFTC net short position to a net 32,278 contracts in that Tuesday-to-Tuesday reporting 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 are at $10.12 1/4, down 15 1/2 cents, Nearby Cash is at $9.75 1/2, down 15 1/2 cents, Sep 25 Soybeans are at $10.06 3/4, down 14 1/4 cents, Jan 26 Soybeans are at $10.39 1/2, down 13 1/4 cents, New Crop Cash is at $9.72 1/4, down 14 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
3 days ago
- Business
- Yahoo
Soybeans are Giving Back Friday Gains to Start Monday
Soybeans are showing 7 to 9 cent losses early on Monday morning. Beans posted Friday gains of 6 to 9 cents in the nearbys, as August was up 23 ½ cents over the course last week. Preliminary open interest was up 1,214 contracts, suggesting a rotation of ownership. The cmdtyView national average Cash Bean price was up 7 ¾ cents today at $9.90. Soymeal futures were $5.30 higher, as August was up $3.70 last week. Soy Oil was 40 to 42 points lower in the front months, with the weekly move of 207 points higher. Following some weekend rains across the Corn Belt, forecasts continue to call for 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. The 6-10 and 8-14 day outlooks are still looking for high odds of above normal temps. More News from Barchart What is Watson Watching in the Grains Sector this Week? 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! Spec traders in soybean futures and options were shifting to a more bearish attitude in the week that ended on July 15, adding 26,062 contracts to their net short position to 32,278 contracts. In soybean meal, managed money was adding to their record net short by 1,537 contracts to 133,016 contracts. Soybean export commitments are now at 50.648 MMT, which is now 100% of USDA's full marketing year projection and lagging the 102% average. Aug 25 Soybeans closed at $10.27 3/4, up 6 1/4 cents, currently down 7 3/4 cents Nearby Cash was $9.90, up 7 3/4 cents, Sep 25 Soybeans closed at $10.21, up 9 cents, currently down 6 3/4 cents Jan 26 Soybeans closed at $10.52 3/4, up 9 cents, currently down 7 cents New Crop Cash was $9.86 1/4, up 9 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
