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
Devin Gioletti, a fourth-generation dairy farmer in this Central Valley community, was outlining for me the trajectory of the dairy industry in California, the nation’s largest. He was alluding back to when the industry was still growing and milk prices were rising, and his family farm was expanding the Read More
Shows extreme drought in major cotton growing areas in Texas and click read more to see other areas of the country.
Read More
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
Grains
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
Assuming “normal” South American crops, I suspect we’ll eventually catch up
with predicted corn exports, but I’m not sure about soybeans–depends on China
CORN SHIPMENTS ARE RUNNING AT 56% VS. LAST YEAR VS. USDA FORECAST 84%
SOYBEANS 87.5% 103.5%
WHEAT 93% 95%
China’s Soybean Imports Expected To Hit Another Record High In 2017/18: Lower government support to corn production continues to stimulate Chinese planting of oilseeds, primarily soybeans. As a result, marketing year (MY) 2017/18 soybean acreage is up by +9.8% compared to the previous year. The acreage expansion together with 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
