Soybean May '22 (ZSK22)
Soybean Futures Market News and Commentary
Soybeans saw modest strength on Wednesday, with contracts closing fractionally to 3 cents higher on the day. The cmdtyView national average Cash Bean price was up 3 1/4 cents at $11.64. Soymeal futures were the supportive product, up $4.40 to $10.10, with Soy Oil futures falling into the close, down 27 to 104 points.
President Trump landed in Beijing this morning as he is expected to meet with China’s President Xi over the next couple days, with trade likely at the top of the lists for topics of conversation. They are expected to meet at 10 AM local time, or 9:00 pm CDT this evening.Â
The weekly Export Sales report will be out on Thursday, as analysts are looking for 2025/26 sales at 100,000 to 500,000 MT, with new crop business in a range of 0-100,000 MT. Soybean meal is seen at 150,000-500,000 MT, with bean oil between net reductions of 2,000 to net sale of 12,000 MT.Â
NOPA data will be released on Friday, with traders looking for 214.03 mbu of soybeans crushed i... Read more
Barchart · Wed May 13, 5:14PM CDT
The wheat complex followed Tuesday’s limit gains with the three exchanges lower on Wednesday. Chicago SRW futures closed with contracts steady to 3 ½...
Barchart · Wed May 13, 5:14PM CDT
Soybeans saw modest strength on Wednesday, with contracts closing fractionally to 3 cents higher on the day. The cmdtyView national average Cash Bean price...
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Big Long Tested?
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Exceptional volatility and price expanse continued today.
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