Soybean Jul '18 (ZSN18)
Soybean Futures Market News and Commentary
Soybeans bought the fact after on Tuesday, as contracts closed with 4 ¾ to 12 ½ cent gains. The cmdtyView national average Cash Bean price was up 7 3/4 cents at $10.70. Soymeal futures were steady to $2.10 higher, with Soy Oil futures down 33 to 233 points led by the front months. Increased canola acreage in Canada is adding pressure to the latter.Â
NASS reported 85.36 million soybean acres planted this spring in their June Acreage report, coming in slightly above estimates and 665,000 acres higher than in the March Prospective Plantings report. Double crop acres ticked up to 7%, from 6% last year and 4% in each of the prior 4 years.Â
June 1 soybean stocks were up to 1.061 bbu in the quarterly Grain Stocks report. That was 12 above analysts surveyed by Bloomberg looking for 1.049 bbu. The March 1 stocks were revised higher by 19 mbu. Â
Traders are looking for Wednesday’s Fats & Oils report from NASS to show 214.9 million bushels of soybeans crushed in May.
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Walsh Trading · Tue Jun 30, 8:08PM CDT
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. The United States planted soybean...
Barchart · Tue Jun 30, 5:25PM CDT
Corn futures faded off the initial post report strength on Tuesday, with contracts closing 4 to 6 ½ cents higher. July was up 10 ¾ cents. The CmdtyView...
Barchart · Tue Jun 30, 5:25PM CDT
The wheat complex found some footing for the bulls, as all three exchanges were higher. Chicago SRW contracts were 1 3/4 to 11 1/4 cents higher across...
Barchart · Tue Jun 30, 5:25PM CDT
Soybeans bought the fact after on Tuesday, as contracts closed with 4 ¾ to 12 ½ cent gains. The cmdtyView national average Cash Bean price was up 7 3/4...
Swift Trading Company · Tue Jun 30, 3:23PM CDT
The six year and two month long bull market in fat cattle is believed complete.
Barchart · Tue Jun 30, 11:45AM CDT
The wheat complex is trading with contracts higher across the three exchanges on Tuesday. Chicago SRW contracts are 10 to 11 cents higher so far at midday....
Barchart · Tue Jun 30, 6:30PM CDT
DuPont de Nemours raised its quarterly dividend by 200% to $0.60 per share, signaling strong confidence in its cash generation and future outlook amid...
Barchart · Tue Jun 30, 5:25PM CDT
Corn futures faded off the initial post report strength on Tuesday, with contracts closing 4 to 6 ½ cents higher. July was up 10 ¾ cents. The CmdtyView...
Barchart · Tue Jun 30, 5:25PM CDT
Cotton futures found strength to round out June, with contracts 22 to 43 points higher despite USDA reporting more acres than expected this morning. Crude...
Barchart · Tue Jun 30, 5:25PM CDT
Lean hog futures were 47 to 92 cents higher in the nearbys on Tuesday, with deferred contracts down 32 to 47 cents. USDA’s national base hog price was...
Barchart · Tue Jun 30, 5:25PM CDT
Live cattle futures were down 57 cents to $1.22 across the board on Tuesday. June futures expired at $258.20. Cash trade has been quiet this week with...
Barchart · Tue Jun 30, 5:25PM CDT
The wheat complex found some footing for the bulls, as all three exchanges were higher. Chicago SRW contracts were 1 3/4 to 11 1/4 cents higher across...
Barchart · Tue Jun 30, 5:25PM CDT
Soybeans bought the fact after on Tuesday, as contracts closed with 4 ¾ to 12 ½ cent gains. The cmdtyView national average Cash Bean price was up 7 3/4...
Barchart · Tue Jun 30, 4:26PM CDT
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