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Tag Archives: soybean

Commodities Week in Review: January 18 to January 22

Commodities Week in Review: January 18 to January 22 Agriculture  The agriculture sector had one of its worst weekly performances in many months, with most of these commodities recording substantial losses during the holiday-shortened trading week. Ostensibly, there are two explanations for the surprise decline in this part of the commodities sector. The US Dollar Index (DXY), which tracks the greenback against...

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Soybean Slides Below $14 As Investors Take Profits

Soybean futures fell below $14 on Tuesday as the agricultural commodity experienced a bit of a correction and profit-taking. Thanks to soaring foreign demand and tighter supplies, soybean prices had been trading at their best levels in nearly seven years. Is this a case of modest near-term decline or a part of a broader downward trend for the commodities sector? March soybean futures tumbled...

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Soybeans Pause Rally After USDA’s Bullish WASDE Report

Soybean futures took a breather midweek after the US government released its first supply and demand report of 2021. The crop’s prices have extended their gains from 2020, rising close to 8% in the first two weeks of the year. But as prices trade at their best levels in 2021, how much higher can soybean go over the next 12 months? March soybean futures tumbled $0.0875, or 0.62%, to $14.095 per bushel...

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Commodities Week in Review: January 4 to January 8

Commodities Week in Review: January 4 to January 8 Agriculture  Agricultural commodities were a mixed bag during the first trading week of 2021 as a strengthening US dollar weighed on many crops. But output levels and tighter inventories supported agricultural products, like corn and soybeans. After a roaring 2020, can the broader agriculture market continue the momentum in 2021? Cocoa  Friday Settlement: -$12.00, or 0.48%, to $2,504 per metric ton Weekly Performance: -3.58% YTD Performance:...

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Commodities Week in Review: December 28 to January 1

Commodities Week in Review: December 28 to January 1 Agriculture  Despite being relatively quiet in the broader financial markets, agricultural commodities continued to end 2020 on a high note, adding to their annual totals. The commodities market has had its best yearly performance in about six years, thanks to a mix of a weakening US dollar, strong fundamentals, and a coronavirus pandemic that has enhanced demand. The consensus is that agriculture will have an even stronger 2021 due...

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Soybeans Target $13 on Bullish Chinese Demand Forecasts, US Exports

Soybean futures are targeting $13 during the quiet holiday trading week, buoyed by bullish forecasts regarding Chinese demand and new US government data highlighting impressive export sales. Soybean prices have been on a tear since experiencing a modest correction at the start of December, adding to their impressive 2020 gains. March soybean futures spiked $0.2825, or 2.25%, to $12.855 per bushel at 16:53 GMT on Tuesday...

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Commodities Week in Review: December 21 to December 24

Commodities Week in Review: December 21 to December 24 Agriculture  US agriculture had another strong weekly performance, despite a rising US dollar. The agricultural commodities market was looking to build on its overall momentum this year in the home stretch of 2020, buoyed by strengthening foreign demand and declining output and supplies at home and abroad. Investors are betting on a repeat performance...

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Soybeans Top Six-Year High on Strong Chinese Demand, Tightening US Stocks

Soybean futures settled at their best levels in more than six years, buoyed by estimates that highlighted China imported a record number of soybeans this year. Crop prices received another shot in the arm when the US government reported that domestic inventories tightened amid ballooning demand. How soon could the agricultural commodity test $13? January soybean futures rose $0.04, or 0.32%, to $12.515 per bushel at 17:52 GMT...

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Commodities Week in Review: December 14 to December 18

Commodities Week in Review: December 14 to December 18 Agriculture  Strengthening demand, a weaker US dollar, and potential supply issues contributed to agriculture’s impressive week. The biggest news in the agricultural sector was China’s ballooning consumption for soybeans, which allowed the crop to climb to its best level since early 2014. Wheat also captured international headlines for Russia slapping a tax...

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Soybeans Soar to Six-Year High on Foreign Demand, South American Weather

Soybean futures are trading at their highest levels in more than six years as the agricultural commodity surged above $12. Soybean prices are popping to finish the trading week on strengthening foreign demand, as well as concerns over South American weather and domestic inventories. If market forecasts are accurate, soybean could lead the commodities boom in 2021. January soybean futures settled the Friday trading session up $0.2075, or 1.73%, to $12.22 per bushel on the Chicago Board...

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