Soybeans Balance A Slight Yield Cut Vs. Higher Acres May 3, 2022
Old and new crop futures were able to push below yesterday's lows and also close under them. These are the lowest closes for both ends since 4/7. Soybeans have a balancing act here with a potential slight hit to yields due to planting but the likelihood of some type of acreage increase. Also, if Indonesia's palm export policy is only a one month issue then this veg oil rally can stabilize and allow meal to pressure soybeans. Today's trade has continued the discussion of an ugly Double Top for November.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
-
Soybeans and wheat see pressure this week. Corn holds.
September 22, 2023
-
Cattle on Feed confirms a return to lower placements. Q2 supplies will be tight.
September 22, 2023
-
Pork questions remaining procurement. Cattle hit by weights, beef and the stock market.
September 21, 2023
-
Grains show export sales disappointment.
September 21, 2023
-
Hogs surpass last week’s high.
September 20, 2023
On The Go
September 22, 2023
September 22, 2023
September 21, 2023
September 21, 2023
September 20, 2023
Market Movers
-
December found light support at 474 yesterday/last night, chart open to 467 ¾, rains added again.
September 22, 2023
-
Rains dramatically reduced in the 6 – 10 day forecast, exports may be expected disappointing.
September 21, 2023
-
Rains in the 10-day outlook may slow harvest and offer mild support, exports are needed.
September 20, 2023
-
Harvest at 9%, analysts expected 10%, the forecast may slow harvest days 1 – 5
September 19, 2023
-
Funds were aggressive sellers of 41K, now short 135K or 42% of record, solid harvest forecast.
September 18, 2023
Market Movers
September 22, 2023
September 21, 2023
September 20, 2023
September 19, 2023
September 18, 2023
Snapshots
Snapshots