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Tag Archives: soybean

Soybean Flat As Market Waits for Chinese Buyers

Soybean futures are trading flat on Tuesday as commodity markets wait on China. The world’s largest soybean customer has a lot to consider for the remainder of the year, weighing its options with the US, Argentina, Brazil, and Russia. Investors are apparently also adopting a wait-and-see approach to futures trading based on currencies, supplies, and geopolitics. November soybean futures edged up $0.25,...

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Soybean Rebounds 1% After Bearish USDA Crop Report, China Retaliation

Soybean futures are rebounding on Tuesday following a bearish US government report regarding domestic output. Prices are trying to move on from China’s decision to halt US farm imports as part of retaliatory efforts after Washington slapped new tariffs on billions in Chinese goods. But Beijing might reverse course as the White House is considering an olive branch of good faith. November soybean futures rose $0.0875,...

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Soybeans Rebound Despite US-China Trade Escalation, Benign Weather

Soybean futures are modestly rebounding to start the trading week as the fallout from escalating US-China trade tensions and uneventful weather patterns in the US Midwest region appears to be fading. The new tariffs, as well as the inevitable retaliatory measures going to be imposed by Beijing, have weighed on soybean prices in recent sessions. Will the $16 billion bailouts be enough to recoup their losses? November soybean futures edged up $0.02, or 0.23%, to $8.705 per bushel at 15:42 GMT...

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Soybean Slips Over Chinese Buying Uncertainty

Soybean futures are trading lower on Tuesday over increasing uncertainty regarding Chinese purchases of the agricultural commodity. Since the world’s two largest economies reached another trade truce last month, it has been a case of contradictory reports and findings of China’s buying trends. The latest developments are no different. September soybean futures shed $0.055, or 0.61%, to $9.0025 per bushel at 14:43 GMT on Tuesday...

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Soybean Plunges 1% As Heat Wave Could Impact Pollination

Soybean futures are sliding as much as 1% to start the trading week as the US endures a heat wave that has expanded into the Plains and Midwest. It does not help that Chinese demand for soybean reserves has slipped to the lowest level in 2019, which comes as Beijing’s imports have weakened this year. November soybean futures tumbled $0.1225, or 1.32%, to $9.1925 per bushel at 17:08 GMT on Monday...

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Soybean Falls As Chinese Imports Slip on Weak Feed Demand

Soybean futures are sliding on Tuesday after the US government reported that Chinese imports tumbled in the 2018–2019 and 2019–2020 seasons. The obvious culprit would be the ongoing tit-for-tat US-China trade war, but experts say that lower feed demand and rising domestic production are two key factors. Soybean’s losses were capped on a crop condition report that suggested US output was lagging behind markets. November soybean...

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Soybean Futures Fall Below $9 as US-China Momentum Fades

Soybean futures are retreating to $9 on Tuesday as momentum from renewed trade negotiations between the US and China fades. As a sign of good faith, Washington confirmed that Beijing will purchase more soybeans, which comes as China’s production push is failing to meet its objective. The US government also announced that soybean planting for the season is now complete and most of the crop has received positive...

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Corn & Wheat Decline, Soybean Rally After USDA Acreage

Corn dropped and soybeans rallied after the US Department of Agriculture released its updated acreage estimates. Wheat joined corn in decline. The USDA estimated that the area planted by corn was at 91.7 million acres in 2019, up 3% from the previous year. That is below the previous estimate of 92.8 million acres but above market expectations of 86.6 million acres. Soybeans acreage was pegged at 80.0 million, down 10% from...

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Soybean Jumps As Crop Planting Expected to Be Higher

Soybean futures climbed higher on Tuesday as a major weather service predicted a substantial jump in soybean planting this week. This comes as US soybean export inspections surged in Chinese shipments for the week ending June 20. Soybean prices have been on a tear in the last month, climbing nearly 7% and bringing the crop into positive territory on the year, which is welcomed news for American farmers....

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Soybean Plunges 1% as US 2018–19 Soybean Exports Fell 4% in May

Soybean futures are trading lower midweek as new data show that 2018–2019 US soybean exports fell 4% in May. Analysts are blaming the slide on the ongoing US-China trade dispute, which has crippled the domestic industry over the last year. There are also reports that Chinese buyers might cancel their recent orders, which is bad news for farmers because crops are in great condition and plantings are up. August soybean futures tumbled...

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