Soybean Oil May '17 (ZLK17)
Price PerformanceSee More
|Period||Period Low||Period High||Performance|
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+1.39 (+4.45%)since 04/12/17
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-2.26 (-6.48%)since 02/10/17
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-0.40 (-1.21%)since 05/12/16
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Soybean futures are mostly 3 to 4 cents higher this morning. They ended Thursday with losses of 1 to 2 1/2 cents in most contracts. Soy meal futures were down $1.10/ton, with nearby soy oil 3 points lower. A private export sale of 110,000 MT of soybeans was reported by the USDA Thursday morning to unknown destinations. In the annual Ag Outlook Forum, the USDA chief economist expects US producers to plant 90 million acres of soybeans. The average soybean price in 2018/19 is expected to be down a nickel to $9.25. Weekly Export Sales for old crop are expected to range 600,000 to 900,000 MT this morning, with 0-200,000 MT for new crop. Soy meal is seen at 200,000-450,000 MT, with soy oil at 10,000-35,000 MT. The Rosario Grain Exchange expects the 17/18 Argentine crop at 46.5 MMT, which is s shade under the new BAGE projection of 47 MMT.
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We kickoff the day with Export Sales at 7:30 A.M. and later in the afternoon we have the Cattle on Feed at 2:00 P.M. It is planting season and talks of demand and plantings are stirring the pot for...
Price action trumps any fundamentals.
This year, market reports seem to circulate more about soybeans than corn.
Will option expiration today keep a lid on the grains?
The markets cannot make up their mind about what they....
Grain market traders are waiting for USDAs grain and oilseed outlooks to pore over the ending stocks estimates which will be included. Outside markets do not have any economic reports out today, but will...
Cattle futures have been in retreat mode, but are nearing some value targets.
So Here We Sit!!
Today’s MDA Update: Published 2/22/18 12:15 pm PST – Coronado Local Time Traders, It is official we have landed at our trading destination in Coronado California for the GROW2018 Technical Traders...
Scheduling conflicts prevented me from attending this year but the 94 th Annual USDA Ag Outlook Forum kicked off this morning, which will actually be the first for Ag Secretary Purdue as a year ago...