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Tag Archives: soybean

Commodities Week in Review: March 29 to April 2

Commodities Week in Review: March 29 to April 2 Agriculture  The biggest story this week in the agricultural commodities market was the US Department of Agriculture’s (USDA) 2021 Prospective Plantings report that sent prices soaring. The USDA stated the domestic farmers will plant lower soybean and corn acreage than what market analysts had initially anticipated. This triggered a massive rally on Wednesday, hitting a daily...

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Soybeans Extend Losing Streak As China’s African Swine Fever Worsens

Soybean futures are sliding for the fifth consecutive trading session on Tuesday as the selloff in the broader commodities continues. Soybean prices are slumping ahead of the US Department of Agriculture’s (USDA) incoming annual US planting intentions and quarterly grain stocks reports on Wednesday. But concerns of a resurgence of the African Swine Flu have weighed tremendously on the soybean...

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Commodities Week in Review: March 22 to March 26

Agriculture  Most of the hard and soft agricultural commodities took a noticeable hit this week as the industry joined the broader market decline. As investors rebalance their portfolios and transition to various sectors, agricultural investments suffered a slump. Moreover, Treasury yields rose, the US dollar strengthened, and various supply and demand factors weighed on several crops. Cocoa  Friday Settlement:...

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Soybean Flat amid Concerns over New African Swine Fever Variants in China

Soybean futures are trading relatively flat on Tuesday as investors are monitoring the emergence of new variants of the African Swine Fever (ASF) virus in China. After decimating Beijing’s herd supplies in 2018 and 2019, hog inventories are only now recovering. But it might be short-lived based on the resurgence of the disease. Where does this leave soybean prices? May soybean futures edged up by $0.0125,...

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Commodities Week in Review: March 15 to March 19

Commodities Week in Review: March 15 to March 19 Agriculture  It was a rough trading week for most of the hard agricultural commodities, with China coming into focus and a stronger US dollar. It is being reported that the world’s largest agriculture consumer is witnessing a resurgence of the African swine flu, the same disease that decimated its hog supply in 2018 and 2019. Investors have been cautious that...

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Soybeans Stall Momentum on China’s Swine Fever Resurgence

Soybean futures are failing to maintain their raucous momentum this week on reports that there has been a resurgence of the African swine fever in China, the world’s biggest soybean consumer. But tighter US supplies have supported the soybean market so far this week. April soybean futures picked up $0.035, or 0.25%, to $14.23 per bushel at 14:55 GMT on Tuesday on the Chicago Board of Trade (CBoT). Soybeans have...

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Commodities Week in Review: March 8 to March 12

Commodities Week in Review: March 8 to March 12 Agriculture  The major agricultural commodities took a break from their monumental 2021 rally this week, despite a bullish World Agricultural Supply and Demand Estimates (WASDE) report from the US Department of Agriculture (USDA) that suggested tightening supplies and strengthening foreign demand. The slide in soybeans, corn, and wheat may have been caused by the volatility...

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Commodities Week in Review: March 1 to March 5

Commodities Week in Review: March 1 to March 5 Agriculture  Most agricultural commodities joined the decline in the broader financial markets this week. As the US dollar strengthened and Treasury yields rallied, crops took a beating, with soybeans one of the few commodities to enjoy a modest weekly gain. Agriculture ostensibly took a breather since starting the commodities supercycle trend. Will crops shake it off...

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Soybeans Top $14 Again As Tightening US Supplies, Chinese Demand Support Crop

Soybean futures topped $14 again on Tuesday as investors are hopeful of fresh demand for US supplies. The agricultural commodity has benefited from delays in Brazilian exports, prompting bullish forecasts for strengthening demand for tightening US inventories. Are $15 soybeans the next target? May soybean futures surged $0.14, or 1.01%, to $14.0525 per bushel at 14:49 GMT on Tuesday on the Chicago Board of Trade...

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Commodities Week in Review: February 22 to February 26

Commodities Week in Review: February 22 to February 26 Agriculture  As the broader financial markets suffered significant losses in the final trading week of February, most of the agricultural commodities presented decent gains. Rising Treasurys, portfolio rebalances, and inflation fears weighed on equities, sparking predictions that the financial markets are going through a reflation trade: economic growth and accelerating inflation. Overall, agriculture had a superb week and an excellent...

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