Soybeans Shock The Trade, Highest Close Yet May 26, 2022
Beans posted a wildly strong trade today. Multiple stories combined to push futures to within cents of previous highs. July came within 4 cents of retesting that spike high from 2/24. November came within 5 1/4 cents of its high. Both contracts posted the best close of the entire uptrend. A little planting concern has been added back in, palm found support as exports from Indonesia will remain low for now, energies were raging and crushers reported demand for product.
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Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
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Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
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SA maps still look solid for rains in the 10 day
December 1, 2023
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Trade expects strong exports and more 8 AM announcements
November 30, 2023
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Open interest continues to fall drastically
November 29, 2023
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Overnight reacting to slow BRA planting pace and may be looking for new China buying
November 28, 2023
Market Movers
December 4, 2023
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November 30, 2023
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Snapshots
Snapshots