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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corn futures quotes

corn futures quotes

June 9th, 2015

Soybeans followed corn in attracting concerns that US farmers might not complete sowings programmes after official data showed seedings falling behind the average rate, with marked shortfalls in some states.

Data overnight from the US Department of Agriculture showed the strong start to the country’s soy sowing season had foundered, with plantings, at 79% complete, 2 points behind the average.

A month before, sowing were, at 31%, 11 points ahead of the typical pace.

The slowdown reflected in particular setbacks in a central Midwest growing belt of Nebraska and, in particular, Kansas and Missouri where heavy rains have slowed fieldwork to a crawl.

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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

September 26th, 2014

Soybean futures dropped to the lowest in more than four years in Chicago as farmers in the U.S. gather a record crop. Corn and wheat headed for weekly losses.

The U.S. soybean harvest was 3 percent complete in main growing areas as of Sept. 21, the U.S. Department of Agriculture said this week. The agency expects production to climb 19 percent this season to 3.913 billion bushels, the most ever. U.S. corn output may also reach a record at 14.395 billion bushels, the USDA estimates.

“For soybeans and corn in the U.S., there’s ideal conditions for the harvest so far,” Graydon Chong, an analyst at Rabobank International, said by phone from Sydney. “That’s supporting the hypothesis that we potentially see increases to soybean yields going forward, putting extra pressure on the market.”

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soybean futures

soybean futures

August 4th, 2014

Soybeans headed for the largest gain in a week on concern that dry Midwest weather is eroding crop quality just as demand increases for supplies from the U.S., the world’s top grower. Corn and wheat also rose.

About 70 percent of the soybean crop was probably in good or excellent condition as of yesterday, down from 71 percent a week earlier, a Bloomberg survey showed. Exporters sold 110,000 metric tons to China and 102,000 tons to Taiwan for delivery in the 12 months starting September 1, the government said today.

“Rains were a little disappointing over the weekend,” Phyllis Nystrom, a risk manager at Country Hedging Inc., said in a telephone interview from Inver Grove Heights, Minnesota. “Then the new sales gave it a little extra bump.”

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soybean futures

soybean futures

July 23rd, 2014

Soybean futures rose from a 45-month low on concern that some areas will face adverse weather in the U.S., the world’s largest grower. Corn extended a slump to the cheapest in four years, and wheat climbed.

Rain will be limited in the southwest Midwest in the next two weeks, raising the odds of stress for soybeans, Donald Keeney, a meteorologist at MDA Information Systems Inc. in Gaithersburg, Maryland, said a telephone interview. The U.S. Department of Agriculture said this week that 60 percent of the crop bloomed as of July 20, topping the prior five-year average.

“The most important phase is right in front of us during the pollination period,” Louise Gartner, the owner of Spectrum Commodities in New Richmond, Ohio, said in a telephone interview. “While the weather forecast is good, the market is just playing it cautious.”

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soybean futures

soybean futures

June 26th, 2014

Soybean futures climbed for a second day in Chicago as a jump in U.S. exports added to supply concerns amid declining stockpiles and flooding in parts of the nation’s Midwest region that may curb yields.

U.S. shippers sold 317,200 metric tons of the oilseed for delivery before Aug. 31, the most since the last week of February, the Department of Agriculture said today. Total sales since Sept. 1 are up 24 percent from a year earlier, above the 20 percent increase forecast by USDA this year, agency data show.

“Exports sales were better than expected and that means tighter supplies before the harvest,” Mark Schultz, the chief analyst for Northstar Commodity Investment Co. in Minneapolis, said in a telephone interview. “People are speculating that too much rain may cut planted acreage and take the top end of U.S. soybean yields.”

Soybean futures for November delivery rose 1 percent to $12.4125 a bushel at 11:39 a.m. on the Chicago Board of Trade. Prices climbed 0.4 percent yesterday.

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soybean futures charts

soybean futures

May 22nd, 2014

Soybean futures climbed to the highest level in more than 11 months in Chicago on speculation that demand for livestock feed will increase in China amid rebounding prices for eggs and pigs. Corn also gained.

Chinese processors last week ordered about 600,000 metric tons of soybeans for shipment after Sept. 1, according to a Bloomberg News survey. Since April 1, Chinese egg prices surged 26 percent while hogs increased 20 percent, according to data from Shanghai JC Intelligence Co. As bird flu and slumping pork prices curbed demand for soybean meal used in feed earlier this year, a U.S. industry group said last month that China was at risk of defaulting on some soybean imports.

“The market concern for Chinese demand has diminished, with improving conditions evident,” Australia & New Zealand Banking Group Ltd. analysts including Paul Deane wrote in a report today. “Chinese domestic prices for pork, soybean meal, corn and wheat have all rallied in the last month.”

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soybean brokers

soybean futures

April 23rd, 2014

Soybeans fell to a one-week low to head for the longest slump since July amid concern that demand will decrease in China, the world’s biggest importer.

Futures for July delivery lost as much as 0.4 percent to $14.65 a bushel on the Chicago Board of Trade, the lowest level for a most-active contract since April 15. Prices were at $14.655 by 12:55 p.m. in Singapore, declining for a fourth straight session.

The pace of soybean exports from the U.S. and South America will probably slow through the end of the season as Chinese demand declines because of ample stockpiles, according to Oil World. There are reports that China will soon auction 3 million metric tons of state reserves, which equates to roughly one-third of total inventories, Commonwealth Bank of Australia said in a note today.

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soybean brokers

soybean futures

September 25th, 2013

Soybean futures rose for a second day after a U.S. government report showed rains in the Midwest last week failed to bolster crop conditions in the country, last year’s biggest producer of the oilseed.

Crop conditions were unchanged as of Sept. 22 from a week earlier, with 50 percent of soybeans rated good or excellent, U.S. Department of Agriculture data show. Rain later this week in west and central areas may be too late to aid crops, forecaster DTN said.

Soybean futures for November delivery rose 0.6 percent to $13.1975 a bushel on the Chicago Board of Trade at 5:40 a.m. Prices dropped to $13.0525 yesterday, the lowest since Aug. 23, before closing 0.4 percent higher.

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