Soy Complex, Edible Oils
Soybean oil futures under pressure, energy complex dynamics limiting decline
Futures activity Nov-23 soybean settled at $12.9625 per bushel today, up 2.5 cents from yesterday’s close as the market paused...
NOPA August crush decreases, below average expectations
August 2023 soybean crush was below analysts’ expectations: Soybean crush decreased for the month of August with about 161.0 million...
Market expects soybean stocks to tighten further
Futures activity Soybean futures drifted lower this week, with Nov-23 futures opening at $13.63 per bushel on Monday and trading...
WASDE brings a mix of changes to soy complex
The 2023/24 U.S. soybean balance sheet showed the lower ending stocks expected by the market, but the reduction was not...
WASDE S&D update: Corn, sugar, & soy complex
From the Sep. 12, 2023 WASDE report.
Soybean futures under pressure with U.S. yield concerns
Futures activity Most-active Nov-23 soybean futures had a mixed week but settled today at $13.63 per bushel, slightly higher than...
Soybean crop feeling the heat
Futures activity Soybean futures ended a modest two-week rally with the Nov-23 contract hitting $14.05 per bushel on Monday, before...
U.S. weekly soybean exports to China surge
Soybean exports for the week of Aug. 24 picked slowed, by 28.8 percent from the previous week, putting accumulated shipments...
Soybean market reacts to Pro Farmer crop tour
Futures activity Sep-23 soybean settled Friday at $13.8100 per bushel on Friday, up from Monday’s close of $13.70. The Nov-23...
Weather may threaten soybean yield
Futures activity Soybean oil prices were choppy this week, with the spot market opening at 66.34 cents per pound Monday,...
U.S. weekly soybean exports to China slow
Soybean exports for the week of Aug. 10 picked up slightly, by 13.9 percent from the previous week, putting accumulated...
NOPA July crush increases, above average expectations
July 2023 soybean crush was above analysts’ expectations: Soybean crush increased for the month of July with about 173.0 million...
Soy complex price report
A 12-month soy complex history and forecast.
WASDE indicates another tight year for soybeans in 2023/24
Futures activity Sep-23 soybean futures came under post-report pressure, ending the week lower at $13.37 per bushel and plausibly signaling...
USDA forecasts soybean supply & use to decline
In the Aug-23 WASDE report, USDA reduced soybean yield by 1.1 bushels for 2023/24. The average analyst expectations were for...
WASDE S&D update: Corn, sugar, & soy complex
From the Aug. 11, 2023 WASDE report.
Soybean futures update for the week ending Aug. 4, 2023
Soybean futures were relatively calm the week of Jul. 31, despite Aug. 4’s rally as Aug-23 futures closed at $14.44...
Weather improves for soybeans, but soybean oil remains on the rise
Futures activity Soybean futures were relatively calm this week despite today’s rally as Aug-23 futures closed at $14.44 per bushel....
U.S. weekly soybean exports to China slow again
Soybean exports for the week of Jul. 27 slowed by 9.1 percent from the previous week, putting accumulated shipments at...
Soybean futures update for the week ending Jul. 28, 2023
Nov-23 soybean futures moved lower with a week-over-week drop of 19 cents per bushel to now $13.82 cents per bushel....
Soybean crop approaching critical development
Futures activity Nov-23 soybean futures moved lower with a week-over-week drop of 19 cents per bushel to now $13.82 cents...
Soybean futures update for the week ending Jul. 21, 2023
The spot soybean contract, Aug-23, climbed by almost $0.20 per bushel the week of Jul. 17 to close at $15.01...
Weather & war driving futures, NOPA shows tighter soybean oil stocks
Futures activity The spot soybean contract, Aug-23, climbed by almost $0.20 per bushel this week to close at $15.01 per...
U.S. weekly soybean exports to China continue to pick up
Soybean exports for the week of Jul. 13 slowed by 29.1 percent from the previous week, putting accumulated shipments at...
NOPA June crush declines, below average expectations
June 2023 soybean crush was below analysts’ expectations: Soybean crush reduced for the month of June with about 165.0 million...
Soy complex price report
A 12-month soy complex history and forecast.
Soy complex strengthens further
Futures activity Soybean oil prices continue to inch higher with Aug-23 futures surpassing 65 cents per pound, the highest level...
U.S. weekly soybean exports to China pick up slightly
Soybean exports for the first week of July continued to pick up by 27.3 percent from the previous week, putting...
July WASDE shows lower 2023/24 soybean carryout
USDA rarely makes changes to soybean yield for upcoming crop years in July reports, so it was as expected that...
WASDE S&D update: Corn, sugar, & soy complex
From the Jul. 12, 2023 WASDE report.
Soybean futures update for the week ending Jul. 7, 2023
Soybean futures contracts continue to show an enormous amount of volatility. After rallying by nearly $1 per bushel on the...
Questions surrounding U.S. soy production potential for 2023/24 remain
Futures activity Soybean futures contracts continue to show an enormous amount of volatility. After rallying by nearly $1 per bushel...
U.S. weekly soybean exports to China decline
Soybean exports for the week of Jun. 29 picked up slightly, increasing by 39.2 percent from the previous week, putting...
Soybean futures update for the week ending Jun. 30, 2023
Nov-23 soybean futures finished nearly limit up Friday, rallying after Friday’s reports by 77 cents per bushel. Futures were as...
Acreage shocker for soybeans
Futures activity Nov-23 soybean futures finished nearly limit up today, rallying after today’s reports by 77 cents per bushel to...
Acreage report surprises corn & soybean markets
For the June 2023 acreage report, the market was expecting corn acreage to be within the range of 91.0 million...
June grain stocks below expectations
Today’s quarterly grain stocks report revealed a tighter supply situation than the market was anticipating, with corn stocks down 3...
Soybean futures update for the week ending May 23, 2023
Nov-23 soybean futures closed at $13.10 per bushel last week but climbed as high as $13.77 per bushel. Soybean oil...
Volatile week of weather, futures for soy complex
Futures activity Nov-23 soybean futures closed at $13.10 per bushel this week but climbed as high as $13.77 per bushel....
Soy complex price report
A 12-month soy complex history and forecast.
Soy complex rallies from weather concerns
Futures activity Spot soybean oil (Jul-23 futures) continued to rally, now just shy of 60 cents per pound at 59.69...
NOPA May crush rises, above average expectations
May 2023 soybean crush was above analysts’ expectations: Soybean crush continued to rise during May with about 178.0 million bushels...
June WASDE is quiet for soy complex
The June S&D update was close to expectations, delivering a modest reduction to 2022/23 U.S. exports, while raising Brazil’s production...
WASDE S&D update: Corn, sugar, & soy complex
From the Jun. 9, 2023 WASDE report.
Weather at the forefront for soy complex trading
Futures activity New-crop Nov-23 futures continued to decline to start this week, reaching fresh two-year lows at $11.46 per bushel...
China’s share of U.S. weekly soybean exports declines to 1.2%
Soybean exports for the week of May 25 slowed slightly by 20 percent from the previous week, putting accumulated shipments...
Weather risk premium reenters soy complex
Futures activity Spot soybean futures rose 30 cents on the week to $13.37 per bushel. New-crop soybean futures continue to...
USDA debuts 2023/24 world oilseed forecasts
Global oilseed production in 2023/24 is forecast up 7 percent, largely driven by growth in soybean output in South America...
Soybean exports to China pick up
Soybean exports for the week of May 18 increased by 52 percent from the previous week, putting accumulated shipments at...
Soy complex under pressure
Futures activity Jul-23 soybean futures closed the week at $13.0725 per bushel, down 7 percent from Monday’s settle and the...
Soybean exports to China continue to decline
U.S. soybean exports for the week of May 11 declined by 54 percent from the previous week, putting accumulated shipments...
NOPA April crush slows, below average expectations
April 2023 soybean crush was below analysts’ expectations: At a record breaking 173.2 million bushels, soybean crush was the highest...
WASDE: Better days ahead for 2023/24 soy complex
The first look at the 2023/24 soy complex balance sheet points to a considerably improved market scenario both in the...
WASDE S&D update: Corn, sugar, & soy complex
From the May 12, 2023 WASDE report.
Soy complex prices rebound on economic news
Futures activity Futures were volatile this week. Jul-23 soybeans closed Friday at $14.3650 per bushel, up 9 cents from Monday...
Soybean exports to China increase
U.S. soybean exports for the week of Apr. 27 picked up by 24 percent from the previous week, putting accumulated...
Soybean oil breaks below 50 cents
Futures activity Soybean oil prices continued to drift lower all week, breaking below 50 cents per pound on Q4 2023...
Biosecurity measures help combat spread of avian flu in U.S.
Highly pathogenic avian influenza returned to the U.S. in January 2022: H1N5, a particularly contagious (among birds) form of the...
Soy complex futures under pressure this week
Futures activity May-23 soybean futures fell $0.34 over the week to close at $14.83 per bushel today. Nov-23 futures fell...
Soybean exports to China slow
U.S. soybean exports for the week of Apr. 13 declined by 15 percent from the previous week, putting accumulated shipments...
Soy complex price report
A 12-month soy complex history and forecast.
NOPA March crush above average estimate
March soybean crush was above analysts’ expectations: At 185.8 million bushels, soybean crush was the highest for the month in...
Global soybean market dynamics support futures
Futures activity May-23 soybean futures closed just above $15 per bushel, up by about $0.13 for the week. Nov-23 soybean...
Soybean exports to China hits second highest for April
Soybean exports for the week of Apr. 6 went up 22 percent from the previous week, putting accumulated shipments at...
U.S. 2022/23 soybean S&D unchanged in April WASDE
The key takeaway from today’s WASDE report is that with U.S. soybean ending stocks unchanged from March, coupled with lowered...
WASDE S&D update: Corn, sugar, & soy complex
From the Apr. 11, 2023 WASDE report.
Soy complex dips ahead of WASDE next week
Futures activity Soybean oil prices could not hold an early rally on Monday as futures retreated below 55 cents per...
USDA reports offer support to the soy complex
Futures activity Soy complex futures rocketed higher today via support from today’s USDA acreage and stocks reports. May-23 soybean futures...
Grain, sugar beet plantings expected to increase in 2023
USDA’s 2023 estimation for corn planted acreage is up 4 percent from 2022 at 92.0 million acres. This was slightly...
Lowest March corn stocks since 2014
Today’s quarterly Grain Stocks report was around expectations for corn, with 7.4 billion bushels in storage as of Mar. 1,...
Weather conditions may lead to spring flooding
The meteorological spring season for 2023 kicked off on the first day of March yet many areas in the U.S....
Soybean exports to China continue to rise
Soybean exports for the week of Mar. 23 rose 63 percent from the previous week, putting accumulated shipments at 44.5...
Soybean oil prices fall to 15-month low
Futures activity Soybean oil futures dipped further this week, with the spot market closing at 52.17 cents per pound Thursday,...
Soybean exports to China hits a high for March
Soybean exports for the week of Mar. 16 slowed slightly, down 1 percent from the previous week, putting accumulated shipments...
Soybean exports to China continue to slow
Soybean exports for the week of Mar. 9 rose 33.1 percent from the previous week, putting accumulated shipments at 42.8...
Soy complex under pressure this week
Futures activity May-23 soybeans fell by roughly $0.17 per bushel from their peak to close the week at $14.7650 per...
NOPA February crush below average estimate
February soybean crush, slightly below analysts’ expectations: At 165 million bushels, soybean crush was the second highest for the month,...
Soy complex price report
A 12-month soy complex history and forecast.
Soybean oil futures plummet on general market weakness
Futures activity May-23 soybeans closed at $15.0700 per bushel, down $0.22 per bushel over the week. Nov-23 soybean futures fell...
Soybean exports slow seasonally
Soybean exports for the week of Mar. 2 slowed up by 34 percent from the previous week, putting accumulated shipments...
Soy complex gets bullish boost from WASDE
U.S. soybean ending stocks were lowered by 15 million bushels to 210 million as USDA added back 25 million bushels...
WASDE S&D update: Corn, sugar, & soy complex
From the Mar. 8, 2023 WASDE report.
Soy complex recovers from early-week pressure
Futures activity Soybean oil futures saw little movement week over week, with H1 2023 contracts still between 60 and 61...
EPA policy may reduce soybean oil demand
Soybeans are an important and widespread oilseed crop in the U.S., due in part to soybean byproducts. Soybean meal serves...
Soy complex under pressure this week
Futures activity Mar-23 soybeans ended the week lower by nearly 20 cents at $15.29 per bushel. Nov-23 soybeans also fell,...
2023 corn at 91 million acres, soybeans 87.5 million
This week’s USDA Agricultural Outlook Forum released preliminary estimates for 2023 crop acreage that were in general close to numbers...
China looks forward to 2023/24 grain production
China is working at being self-sufficient in major grains and agricultural products. The period between February and May is expected...
NOPA January crush missed expected volume
January soybean crush missed analysts’ expectations again: At 179.0 million bushels, soybean crush was the third highest for the month, behind...
Soybeans stable as Brazilian harvest pushes on
Futures activity Mar-23 soybean oil futures slowly rose this week by 1 cent per pound back to 61.51 cents per...
Updated U.S. long-term agricultural projections
USDA has released its agricultural projections to 2032! These baseline projections provide insight into the landscape of agricultural commodities and...
Soy complex a mixed bag, futures consolidate in search for direction
Futures activity Arguably driven by concerns over Argentina’s crop (see below), Mar-23 soybean futures closed the week higher by about...
Soy complex price report
A 12-month soy complex history and forecast.
Soy Complex Information
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September 22, 2023