From Van Trump today:
Soybeans struggle to find continued upside momentum.
There’s very little fresh or new to report in regards to beans. Chinese demand
remains in question, not only because of the current trade conflict, but also
because the ongoing spread of African Swine Fever and the negative hog margins.
Bullish Chinese soybean Read More
Shows extreme drought in major cotton growing areas in Texas and click read more to see other areas of the country.
Soybean bears seem to be making a little more noise about a burdensome balance sheet. The production problems in Argentina have been well advertised, but the trade seems uncertain about the full extent of damage. The Rosario Grain Exchange made a huge cut yesterday to their Argentina soybean production Read More
Grain prices this morning are mixed with Mar corn unch, Mar soybeans -1.75 (-0.17%), Mar wheat +0.25 (+0.06%). Grains on Wednesday settled mixed: Mar corn +0.25 (+0.07%), Mar soybeans +7.75 (+0.75%), Mar wheat -2.00 (-0.45%). Bullish factors included (1) drought concerns in Argentina, the world’s largest soybean Read More
China’s soybean importers are pushing to postpone or cancel cargoes mainly ordered from suppliers in Brazil as they rack up hefty losses processing the commodity into cooking oil and animal feed ingredients, said three trade sources. China, which buys around 60 percent of soybeans traded worldwide, took advantage of Read More
Soymeal stockpiles held by crushers are rising as crush volume exceeds market demand and as the country will continue to import a large volume of supply May-July, China National Grain and Oils Information Center says in emailed report on Wednesday. Meal stockpiles rose to 875,000 tons by Tuesday, +20% Read More