Soybeans– Soybeans continued sharply lower following President Trump’s call with China’s Xi on Friday. The market reacted negatively to the lack of attention to purchases on the call. Both parties are expected to meet again in South Korea in November at the APEC summit. A deal may not be agreed upon until 2026. China has been doing their soybean buying …
WRT World Agricultural Supply and Demand September 21
SOYBEANS SOYBEANS ’23/’24 Est USDA ’24/’25 Est ’25/’26 Proj September Million Acres Area Planted 83.6 87.1 81.1 Area Harvested 82.3 86.1 80.3 Bushels Yield per Harvested Acre 50.6 50.7 53.5 Million Bushels Beginning Stock 264 342 330 Production 4,162 4,366 4,301 Imports 21 27 20 Supply, Total 4,447 4,736 4,651 Crushings 2,285 2,430 2,555 Exports 1,700 …
5 Minutes on the Markets – 09/22/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Cattle on Feed numbers were released Friday after the close. All Cattle for slaughter down 1% from last year, Placements down 10% and Marketings 14% lower than a year ago. The short-term moving averages have turned positive on my charts and …
President Trump’s Call With Xi Sends Soybeans Lower
Soybeans– President Trump and China’s Xi had a phone call today, marking the 4th round of trade talks between the two countries. The markets were hoping that today’s talks would discuss details regarding US Ag purchases, however the discussion focused on TikTok. The call was said to be positive, with Trump saying he would visit China early in ’26. Soybean …
5 Minutes on the Markets – 09/19/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Livestock futures all closed higher on Thursday. Lean Hogs did spike down to find support near the June highs and rallied back by the close, but the short-term technicals are turning mildly bearish. Live Cattle and Feeder Cattle did find some …
The Grains Trade Lower on Thursday
Soybeans– Soybeans have faced pressure from weakness in soybean oil and improving crop conditions in Brazil. Stats Canada released their soybean production estimate at 7.134 mt, up from 7.016 mt in August. Last year, Stats Canada estimated soybean production at 7.568 mt. The central and western soybean belt is expected to stay day over the next 6-10 days, which should …
Corn Makes a High at 431 1/4 and Fades the Rest of the Day, Closing Lower
Soybeans– Soybeans traded 5 3/4 cents lower today, after trading down 4 1/4 cents in the overnight. Yesterday, the EPA released a proposal for a 50% or 100% reallocation to larger refiners for the waived obligations of small refiners. The rate cut should help make the dollar weaker, which is supportive of export prices. US soybean prices are still at …
5 Minutes on the Markets – 09/17/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Today the Fed makes their long-awaited September interest rate announcement this afternoon at 1 PM CT. Will it be the 1/4 point cut that “everyone” expects, or will the Fed drop another September Surprise and drop them by 1/2 point, like …
Wheat Shows Strength For the Second Day in a Row
Soybeans– Soybean harvest is now 5% complete, which slightly ahead of the average pace for this time of year at 3%. Soybean ratings stand at 63% good/excellent, -1 point from last week. Last year at this time, soybean ratings were 64% good/excellent. Soybean oil stocks are at an 8-month low, while August crush was up 20%. The eastern part of …
5 Minutes on the Markets – 09/16/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live Cattle posted a very strong close on Monday, settling above the highs from Thur-Fri last week. TO my eye, that seems like a bullish breakout. Feeders closed nearly limit up, as well. That market didn’t make a break out just …