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.”

Continue reading »

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.

Continue reading »

soybean futures brokers

soybean futures brokers

November 4th, 2014

Soybean and corn futures fell for a second day in Chicago as reports showed the U.S. harvest is gathering pace and output this season is expected to be the largest ever.

Farmers harvested 65 percent of corn in the main U.S. growing areas as of Nov. 2, faster than analysts expected and up from 46 percent a week earlier, the U.S. Department of Agriculture said yesterday. The soybean harvest was 83 percent complete, from 70 percent in the prior week. Output in the U.S., the top grower, may total 14.783 billion bushels of corn and 4.033 billion bushels of soybeans, less than previously expected while still the most ever, INTL FCStone said yesterday.

Continue reading »

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.”

Continue reading »

 

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.”

Continue reading »

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.”

Continue reading »

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.

Continue reading »