Soybean Meal Dec '19 (ZMZ19)Get Barchart Premier
Soybean Meal Futures Market News and Commentary
Soybeans futures saw 1 to 3 1/4 cent gains on Friday, with Nov 4.78% higher this week. Soybean meal was $2.10/ton higher, with soy oil 8 points lower. USDA reported a private export sale of 204,000 MT of soybeans to China for 2019/20 delivery. That was likely part of the 600,000 MT that was rumored on Thursday. Chinese officials stated that soybeans are on the list of US goods that are being exempt from additional tariffs. Analysts expect Monday’s NOPA report to show August crush of its members at 162.018 mbu, which would be nearly 2% larger than August 2018. On Thursday, USDA added back 20 mbu to the US crush projection for 2018/19, as well as adding another 45 mbu to the export number. WAOB also raised the cash average farm price by a dime to $8.50. SEP 19 Soybeans closed at $8.84 3/4, up 1 3/4 cents, NOV 19 Soybeans closed at $8.98 3/4, up 3 1/4 cents, JAN 20 Soybeans closed at $9.12 1/4, up 3 1/4 cents, MAR 20 Soybeans closed at $9.24, up 2 3/4 cents, SEP 19 Soybean Meal closed at $298.20, up $2.10, SEP 19 Soybean Oil closed at $28.94, down $0.08 -- provided by Brugler Marketing & Management
- Grain Spreads:Grain Spreads: Can This Rally Hold?
Short Covering or a Start of Something Bigger?
- Paragon Investments' Futures File: Copper, Soybeans & Hogs
This week's column looks at another round of hopeful trade talks with China and the impact on copper, soybeans, and hogs.
- Special Email Alert for Cattle.
- Grains Report 09/13/19
DJ CBOT Delivery Intentions: Totals – Sep 13 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date [...]
- Daily Technical Spotlight - November Soybeans
Price downtrend negated to suggest a market bottom in place. Also, the big speculative "funds" appear to be caught short and are likely to continue to...
- ECB Stimulus China Buys Beans After Suspending U.S. Ag Products. The Corn & Ethanol Report 09/13/19
We start the morning with Business Inventories and Retail Sales at 7:30 A.M. We are also gathering and digesting all of the trade headlines that [...]