Soybean Nov '18 (ZSX18)
Soybean Futures Market News and Commentary
Soybeans were under pressure from bean oil on Monday, with contracts down 4 to 15 ½ cents across most months, led by the nearbys. The cmdtyView national average Cash Bean price was down 13 1/2 cents at $11.88 1/2. Soymeal futures were up $2.60 to $6.20 on the day, with Soy Oil falling back 189 to 227 points.
Weekly Crop Progress data from NASS showed 91% of the US soybean crop setting pods by 8/23, with 6% dropping leaves. Condition ratings were down 1% at 60% gd/ex, with the Brugler500 index falling 4 points to 357.
USDA’s FGIS tallied soybean export shipments at 420,895 MT (15.465 mbu) during the week ending on August 20. That was 43% above the week prior and 6.9% larger than the same week last year. Egypt was the top destination of 116,966 MT, with 71,630 MT headed to Indonesia and 60,643 MT to Italy. Marketing year exports for 2025/26 are 40.48 MMT (1.487 bbu), which is now 17.9% below the same period last year.
Pressure on bean oil came from a report that the... Read more
Barchart · Mon Aug 24, 4:53PM CDT
Soybeans were under pressure from bean oil on Monday, with contracts down 4 to 15 ½ cents across most months, led by the nearbys. The cmdtyView national...
Barchart · Mon Aug 24, 4:53PM CDT
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Barchart · Mon Aug 24, 4:53PM CDT
Soybeans were under pressure from bean oil on Monday, with contracts down 4 to 15 ½ cents across most months, led by the nearbys. The cmdtyView national...
Barchart · Mon Aug 24, 4:53PM CDT
Corn futures faded from the early session highs, but ended the Monday session with gains of 3 to 7 ¾ cents across most contracts. The CmdtyView national...
Barchart · Mon Aug 24, 4:53PM CDT
The wheat complex posted mostly weaker trade on Monday, with a few Chicago contracts higher. Chicago SRW contracts closed deferred contracts 1 ¼ cents...
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