soybean futures brokers

soybean futures brokers

November 2nd, 2018

U.S. soybean futures scaled to two-week peaks on Friday on signs of easing trade tensions between Washington and Beijing, but slipped from the highs after a White House official said he was less optimistic that a trade deal could be reached.

Corn futures also climbed, lifted by expectations for a cut to the U.S. Agriculture Department’s U.S. crop forecast in a monthly report next week, while wheat edged up in tandem with firming corn.

Soybeans posted their steepest gain in four months on Thursday after U.S. President Donald Trump and China’s Xi Jinping spoke on the phone about trade and agreed to meet this month at the G-20 meeting in Argentina. The rally put the soy market on track for the strongest weekly advance in 16 months.

“Both presidents are putting out some optimistic vibes in terms of the potential for a trade deal,” said Terry Linn, analyst with Linn & Associates. “Both sides are talking and the meeting is set up in just under three weeks. Maybe something will happen.”

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soybean futures brokers

soybean futures brokers

May 31st, 2016

Can soybean futures regain $11 a bushel, for the first time since September 2014?

They weren’t quite knocking on the door in early deals in Chicago, but were well up the garden path, hitting $10.96 a bushel, for the July contract, before easing back to $10.89 ¼ a bushel as of 08:35 UK time (03:00 Chicago time), a gain of 0.3% on the day.

It may have helped that risk assets were broadly putting on a firm performance as May headed for a close, with Shanghai shares adding 3.0% and Tokyo stocks closing up 3.0%, while oil futures made some headway too, particularly WTI crude, which gained 0.7% to $49.68 a barrel.

But the key reason cited for strength in soybeans was, as ever, worries over the rain-ravaged crop in Argentina, the third biggest exporter of the oilseed, and the top shipper of the processing products, soymeal and soyoil.

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soybean futures 101

soybean futures 101

November 25th 2014

Soybean futures advanced for a third session in four, rebounding from a slide yesterday, amid signs of demand for U.S. supplies as farmers in the top producer near completion of a record harvest.

U.S. exporters sold 235,000 metric tons of soybeans to China for delivery by Aug. 31, the U.S. Department of Agriculture said yesterday. Export inspections in the week ended Nov. 20 were 52 percent higher than a year earlier, the agency said. About 97 percent of the record 3.958 billion bushel crop was harvested as of Nov. 23, USDA data show.

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soybean futures quotes

soybean futures quotes

November 21st, 2014

Soybean futures advanced on indications of sustained demand for U.S. supplies of the oilseed, while wheat and corn futures declined.

U.S. shippers sold 140,000 metric tons of soybeans to unknown buyers, the U.S. Department of Agriculture reported yesterday. Soybean meal net export sales were 265,749 tons in the seven days through Nov. 13 from 39,637 tons a week earlier, according to the USDA’s weekly report.

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