Soybean Oil Commodity Markets, Prices & Futures
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Latest News From Soybean Markets
Price action and 5, 30, 90 day outlooks for wheat.
Money flow and fund positions influenced markets Friday and for the week and overshadowed fundamentals. Garrett Toay AgTraderTalk explains.
Money flow and fund selling continue to be bearish for soybeans and livestock, while wheat is seeing short covering. Corn also boosted by China’s buying spree. Details with Darren Frye of Water Street Solutions.
While experts don’t compare the recent collapse of several high-profile banks to the financial industry crisis in 2008 and 2009, there is a level of nervousness that bears watching.
Bearish Outside Markets Impact Money Flow in Ag Markets, Corn Supported by More China Corn Purchases
Grains mixed this morning as bearish outside markets are spilling over and influencing money flow in the ag markets. Corn is holding on with more China export business. Darin Newsom with Barchart has details.
AgDay TV Markets Now: Chuck Shelby of Risk Management Commodities says cooler heads prevail in outside and commodity markets Thursday, China corn demand also helps.
During Wednesday’s session, farmers and ag industry officials raised many of the same concerns they have during other meetings on the new farm bill. They included:
Markets closed mixed with corn, soybeans and cattle all ending higher as outside markets stabilized and China bought more U.S. corn. Hogs imploded on technical selling. Chuck Shelby, Risk Management Commodities.
Cattle and corn both see some buying interest midday with China corn sales, cattle oversold ahead of the COF Report. Other sectors still concerned about macroeconomy. Jeff Hoogendoorn of Professional Ag Marketing.
USDA will release its estimates on farmers planting intensions at the end of March. Ahead of that, commodity firm Allendale has released its own acreage projections.