Latest news with #soyoil
Yahoo
27-06-2025
- Business
- Yahoo
Soybeans Fall Deeper into Wednesday's Final Bell
The soybean market continued to feel pressure all the way to Wednesday's close, with contracts 18 to 21 ½ cents on the day. The cmdtyView national average Cash Bean price was down 21 cents at $9.79 1/4. Soymeal futures were $2.80 to 4.80/ton lower. Soy Oil was down 22 to 35 points on the day. The forecast continues to look less threatening to the US, with rains of at least an inch from the Northern Plains to the Eastern Corn Belt over the next week. A few spottier totals are seen in parts of IL and IN. Coffee Prices Extend 2-week Plunge as Frost Risks Recede in Brazil Have the Wheels Fallen Off the Corn Market? Coffee Prices Continue to Fall on Reduced Frost Risk in Brazil Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Export Sales data is set to be released on Thursday morning, with traders expecting to see between 200,000 and 600,000 MT of soybeans sold for 2024/25 shipment. New crop sales are expected to see 0 to 150,000 MT in sales during the week of June 19. Sales for soybean meal are estimated between 100,000 and 650,000 MT, with net reductions of 10,000 MT to net sales of 34,000 MT for soybean meal. The June Acreage report will be out on Monday with the trade looking for 83.5 million acres of soybean planted this spring, which matches the March Planting Intentions report. The range of estimates is 82 to 85 million acres. Jul 25 Soybeans closed at $10.25 1/4, down 21 1/2 cents, Nearby Cash was $9.79 1/4, down 21 cents, Aug 25 Soybeans closed at $10.29 1/2, down 20 3/4 cents, Nov 25 Soybeans closed at $10.18 1/2, down 18 1/2 cents, New Crop Cash was $9.65 1/4, down 18 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 Sign in to access your portfolio
Zawya
23-06-2025
- Business
- Zawya
Soybeans edge higher as soyoil rises on Middle East tensions
BEIJING: Chicago soybean futures inched higher on Monday, supported in part by gains in soyoil prices after a U.S. strike on Iranian nuclear facilities stoked concerns of global crude oil supplies. Wheat and corn edged lower. FUNDAMENTALS * The most-active soybean contract rose 0.05% to $10.68-4/8 per bushel, as of 0051 GMT. Soyoil climbed 0.92% to 54.97 cents per pound. * Wheat dropped 0.04% to $5.83-2/8 a bushel, while corn eased 0.23% to $4.27-4/8 a bushel, its lowest level in 2025. * Oil prices surged after the U.S. attacked key Iranian nuclear sites over the weekend. The escalation supported soyoil, which is used in biofuels. * China's soybean imports from Brazil surged 37.5% in May from a year earlier, General Administration of Customs data showed on Friday, as buyers scooped up South America's bumper crop, while supplies from the United States also rose 28.3%. * Favourable weather across much of the Midwest improved crop prospects for soybeans and corn, pressuring prices. * Drought concerns in parts of Russia and heavy rainfall in the U.S. Plains lent support to wheat, although an accelerating U.S. winter wheat harvest is boosting supplies and capping upside. Prices rallied over the past week due to short-covering fuelled by Israel's war with Iran. * Exporters sold 124,000 metric tons of U.S. corn to unknown destinations for 2025-26 delivery, the U.S. Department of Agriculture said on Friday. * Commodity funds were net sellers of Chicago Board of Trade wheat, corn, soyoil and soybean futures contracts on Friday and net buyers of soymeal futures, traders said. MARKET NEWS Wall Street share futures slipped on Monday and oil prices briefly hit five-month highs as investors anxiously waited to see if Iran would retaliate to U.S. attacks on its nuclear sites, with resulting risks to global activity and inflation. DATA/EVENTS (GMT) 0715 France HCOB Mfg, Services, Composite Flash PMI Jun 0730 Germany HCOB Mfg, Services, Composite Flash PMI Jun 0800 EU HCOB Mfg, Services, Composite Flash PMI Jun 0830 UK Flash Composite, Manufacturing, Services PMI Jun 1345 US S&P Global Mfg, Svcs, Comp PMI Flash Jun 1400 US Existing Home Sales May (Reporting by Ella Cao and Lewis Jackson; Editing by Rashmi Aich)
Zawya
17-06-2025
- Business
- Zawya
Chicago soybeans flat on favourable weather, soyoil supports
BEIJING/PARIS - Chicago soybean futures were flat on Tuesday, torn between favourable U.S. crop weather and still strong soyoil prices despite a small fall after a sharp two-day rally, fuelled by surging crude oil and stronger U.S. biofuel blending mandates. The most-active soybean contract was unchanged at $10.69-3/4 per bushel, as of 1145 GMT. Soybeans had touched a one-month high and soyoil a 20-month high on Monday. Analysts said Iran-Israel tensions could add volatility to grain markets through energy price shocks. "At present eyes across all markets are on what is occurring in the Middle East," said Andrew Whitelaw, agricultural consultant at Episode 3. "The region is a huge contributor to the energy markets, and these markets have a huge impact on grain pricing levels." Soyoil dropped 0.3% at 54.95 cents per pound, as traders took profits, removing some support for soybeans. Soyoil is used to make biodiesel, and is therefore influenced by oil prices. These rose on Tuesday on rising disruptions from the Iran-Israel conflict, although major oil and gas infrastructure and flows have so far been spared from any substantial impact. The oilseed also continues to face headwinds from weak demand, tariff uncertainty and global competition. Corn slipped 0.06% to $4.35 a bushel, pressured by beneficial weekend rains across key growing regions, including parts of the Plains and the northwest and southeastern Midwest. However, strong export data helped curb losses. U.S. corn inspections in the latest week reached about 1.67 million metric tons, at the high end of trade expectations. Weekly condition ratings for the country's corn crop also improved and were tied for the highest for this time of the season in several years, according to U.S. government data. Soybean ratings declined. rose 0.65% to $5.40 a bushel, though harvest pressure capped gains. The U.S. winter wheat harvest is expanding after a slow start. The USDA said the winter wheat crop was 10% harvested, up from 4% a week ago but behind the five-year average of 16%. Analysts on average had estimated harvest progress at 11%. In France , the farm ministry on Tuesday forecast a strong rebound of the country's 2025 winter barley and rapeseed production from rain-hit crops last season. Commodity funds were net buyers of Chicago Board of Trade soyoil futures contracts on Monday and net sellers of corn, soymeal, wheat and soybean futures, traders said. Prices at 1145 GMT Last Change Pct Move CBOT wheat 540.00 3.50 0.65 CBOT corn 435.00 0.25 0.06 CBOT soy 1069.75 0.00 0.00 Paris wheat 199.75 -0.50 -0.25 Paris maize 185.75 0.25 0.13 Paris rapeseed 490.00 1.00 0.20 Euro/dlr 1.16 0.00 0.03 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne
Zawya
16-06-2025
- Business
- Zawya
Soyoil around 18-month highs, grains fall on good crop weather
HAMBURG - Chicago soyoil hit its highest in around 18 months on Monday, supported by U.S. biofuel blending proposals that are likely to increase demand, while favourable U.S. weather conditions drove wheat and corn lower. Crude oil fell after renewed military strikes by Israel and Iran over the weekend left oil production and export facilities unaffected, easing concern about disruption of crude supplies. That removed some of the support for soybean prices, which tend to move in tandem with oil, that was seen on Friday. The larger-than-expected biofuel blend proposals, however, still supported the soy complex. The Chicago Board of Trade's most-active soyoil rose 5.7% to 53.50 cents per pound at 1131 GMT, around its highest since December 2023. Soyoil gains also pulled soybeans up 0.1% at $10.71-3/4 per bushel. Wheat fell 1.2% to $5.37-1/4 a bushel as the U.S. winter wheat harvest accelerates. Corn fell 1.1% to $4.39-1/2 a bushel, weakened by favourable weather forecasts for crop development in the U.S. corn belt. 'Soybeans and soyoil are being underpinned by the Trump administration's larger-than-expected biofuel blending proposals which would generate more demand for soyoil and so soybeans," said Matt Ammermann, StoneX commodity risk manager. "The Trump Administration is not known to be renewable energy-friendly, but the substantial increase could be intended to reduce the sting of the trade war with China, which has hugely damaged U.S. soy exports to China.' Traders await weekly crop ratings on Monday from the U.S. Department of Agriculture, with U.S. winter wheat harvesting accelerating, corn and soybean planting is finishing. 'Wheat and corn are weaker today as crop weather in the U.S. is looking very positive this week, with just the right mix of sunshine needed for the winter wheat harvest with a little rain needed for corn development,' said Ammermann. 'Other north hemisphere wheat crops are also looking good, especially in the Black Sea. This raises the prospects of extra competition from the Black Sea to exporters in the U.S. and other regions.'
Bloomberg
16-06-2025
- Business
- Bloomberg
Palm Oil Jumps Above 4,000 Ringgit Mark to Track Soy Oil, Crude
Palm oil jumped above the 4,000 ringgit mark to track gains in soyoil, which surged on Washington's proposal to allow refiners to blend a record amount of biofuels into gasoline and diesel next year. The long-awaited plan that was unveiled by the Environmental Protection Agency on Friday aims to boost American biofuel production and deter imports. It would require refiners to mix arecord 24.02 billion gallons of biofuels into conventional diesel and gasoline. That's nearly 8% higher than the 2025 target and was more-than-expected by many analysts.
