Soybeans Commodity Markets, Prices & Futures
Use the chart below to check futures prices for soybeans. Click the contract dates for more prices and trends. Cash price reflects the USDA Chicago terminal.
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Latest News From Soybean Markets
Jerry Gulke, president of the Gulke Group, says the bearish lower weekly closes for a second week confirms the top is in the soybean market.
Shawn Hackett with Hackett Financial Advisors says part of the pressure in soybeans was technical selling but the market is also starting to trade the big crop potential in South America.
Scott Varilek of Kooima Kooima Varilek says cattle futures are finding support from sharply higher fed cash trade. So, if that can continue he is mildly optimistic about futures continuing to push higher.
It could limit precipitation over South America’s growing season.
Mark Schultz with Northstar Commodity says the $10,80 level has been strong support in soybeans and held with the help of more daily export sales.
John Zanker with Farmers Keeper Financial says soybeans could not hold early gains despite more export business and may be eyeing the gap area from Oct. 24.
The Federal Reserve’s Open Market Committee delivered a 0.25% interest rate cut.
Randy Martinson with Martinson Ag says early pressure in soybeans came from follow through selling and more confusion on China’s purchase commitments. However, soybeans bounced off of strong technical support at the days lows.
Jon Scheve with Scheve Grain says the soybean market is reading the USTR comments as there is no real deal and actually has been trading that way for a while now.
The oil market faces the prospect of a “super glut” next year.