Soybean Oil Commodity Markets, Prices & Futures
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Latest News From Soybean Markets
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors says corn, beans and products see profit taking Monday ahead of the WASDE, watching extended weather. But will USDA actually cut yield on Wednesday?
Trade started the week off strong with steady gains across the board as forecasts turn hot and dry next week.
Corn, soybeans and products end higher on profit taking, report positioning, drier extended weather. Wheat mixed on spreads. Cattle bounce, while cotton falls. Shawn Hackett, Hackett Financial Advisors.
Grains mostly higher led by soybeans on drier extended weather, corrective buying and pre-report positioning. Will USDA lower yield this soon? Cattle and hogs trade mixed. Randy Martinson, Martinson Ag has more.
Grains higher on disappointing rains corrective buying, strong soy products, which spilled over into wheat. Cattle see profit taking w/lower boxed beef. While the dollar was down last week. Darin Newsom, Barchart.
Darren Frye of Water Street Solutions says grains slide on favorable weather and the anticipation of the July WASDE report and the possibility of USDA cutting yield.
Despite long-standing trends showing an increase in meat consumption as countries’ incomes rise, a shift seems to be occurring.
We share fresh outlook for the corn market broken down into the next 5, 30 and 90 day segments.
Grains lower on favorable weather but also awaiting supply direction from the WASDE. Cotton closes higher but is still rangebound. Cattle post a strong recovery with lower corn. Darren Frye, Water Street Solutions.
Cattle and hog finishing margins are both positive for the fourth consecutive week despite the fact cash prices for cattle and hogs were slightly lower last week.