Just when traders expected China to begin cancelling soybean orders, the China Commerce Ministry says they expect 4.61 million tonnes of soybeans will be imported in January, which is larger than expected.\r\n The result is a higher soybean market in overnight trading, which is helping to support corn and wheat markets, although these markets … Read More
Grain, Soybeans Mixed; Soybeans Provide Support
Grain and soybean futures are mixed in overnight trading as soybeans provide support to other markets as tight-ending-stocks worries keep investors buying.\r\n Many traders were said to be expecting further gains in March soybeans now that Jan is off the board. \r\n Chinese demand has pushed sales of US soybeans above the USDA … Read More
More Worries About South Argentine Dryness
An increasing amount of noise is being heard in grain and soybean markets about ongoing dryness in southern Argentina. \r\n Some still say it won’t matter much to the markets because increased corn and soybean production in Brazil, the result of nearly ideal conditions, will balance any losses in parched Argentina. However, the midday … Read More
Markets Await USDA Reports
Corn and wheat futures are lower in overnight trading while soybeans are up ahead of the January USDA crop reports due at noon ET. Volume is light, indicating traders are executing a few last-minute trades before the reports. Trading may be choppy ahead of the reports and volatile afterward.\r\n Traders will be watching corn … Read More
Mixed, Mostly Higher Overnight In Report Follow-Through
Grain and soybean markets are mixed to mostly higher in overnight trading as Asian and European markets react to Friday’s USDA release of production and stocks data. The reports showed lower-than-expected US corn yields and production, a reduction from previous estimates, even. \r\n US markets responded with significant gains on Friday, but the reports … Read More
Futures Mixed; Soybeans Provide Lift
Grain futures are mixed in overnight trading, with soybeans providing the major support, balancing concerns the USDA will raise corn and possibly soybean production in its crop reports Friday.\r\n Prices Wednesday were pressured by rumors that Index Fund Rebalancing was not going to happen, market analysts said. Funds are widely thought to be planning … Read More
Markets Mixed, Await Data
Grain and soybean markets are mixed in quiet trading this morning as traders await a host of market reports this week that will guide future investment decisions.\r\n Chief among them will be today’s release of the minutes from the latest Federal Open Market Committee meeting and Friday’s USDA year-end crop reports. Today also marks … Read More