Soybean Nov '21 (ZSX21)
Soybean Futures Market News and Commentary
Soybeans bounced off early session lows on Thursday to close with contracts down ¼ to 1 ½ cents in old crop contracts and up 1 3/4 to 3 cents in the new crops. The cmdtyView national average Cash Bean price was down 2 1/4 cents at $11.23 1/4. Soymeal futures were down a dime to $5.70, with Soy Oil futures up 42 to 105 points. There were no soybean or soybean meal delivery notices on first notice day, with 400 issued against May soybean oil.
The weekly Export Sales report from USDA showed 2025/26 business at 258,066 MT. That was the second lowest for the marketing year and down 30.47% from the same week last year. China was the top buyer of 199,200 MT, with 192,000 MT switched from unknown. A total of 112,100 MT was sold to Egypt, with Indonesia buying 70,800 MT. New crop sales were just 2,980 MT, vs. the estimates of 0-50,000 MT.Â
Soybean meal sales were tallied at 295,180 MT, which was in the middle of the expected range of 150,000 to 400,000 MT. Bean oil bookings were... Read more
Swift Trading Company · Thu Apr 30, 2:06PM CDT
Volatility was exceptional today. A mixed close as well suggests some spreading taking place.
Barchart · Thu Apr 30, 12:23PM CDT
Soybeans are showing mixed trade on Thursday with contracts fractionally lower to 2 cents higher, mainly in the new crop. The cmdtyView national average...
Barchart · Thu Apr 30, 12:23PM CDT
Corn futures are trading with 2 to 3 ½ cent losses at Thursday’s midday, as month end pressure and wheat weakness spillover is weighing on the market....
Barchart · Thu Apr 30, 12:23PM CDT
The wheat complex is falling back on Thursday. Chicago SRW futures are falling 15 to 18 ¼ cents. There were 400 deliveries against May CBT wheat overnight....
Klarenbach Research · Thu Apr 30, 9:56AM CDT
Technical analysis of Minneapolis spring wheat as it tests the 200-week MA. Explore key price targets and trends impacting Prairie grain marketing strategies....
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