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 soybeans had rallied into the report as the market priced in additional China demand. So, he wasn’t surprised with the reaction,
Arlan Suderman, chief commodities economist with StoneX says USDA only lowered national corn yield .7 bushels per acre to 186 which was a disappointment for the bulls.
The biggest surprise came from the agency cutting corn yield less than a bushel and loweing soybean exports by 50 million bushels.
Price action summary and outlook for the next 5, 30 and 90 day segments.
Scott Varilek with Kooima Kooima Varilek says the funds continue to liquidate their long positions on the fear of the Mexican border reopening but lower fed cash is also a negative.
Don Roose with U.S. Commodities says corn and soybeans saw chart breakout with fund buying heading into the USDA report on expectations of lower yield but also watching for China buys in the daily export sales.
Indonesia will start road safety tests for its planned B50 biofuel program early next month.
The grain markets fought off early weakness on Wednesday to close near the highs of the day and stage a strong technical close according to Bryan Doherty, Total Farm Marketing.
DuWayne Bosse with Bolt Marketing says grains are fading the reopening of the government on positioning ahead of USDA’s reports on Friday and the lack of China soybean purchases.
Indonesia plans to expand its domestic biodiesel mandate.