Soybean futures are an exchange traded and regulated futuresĬontract in which the buyer agrees to take a delivery on a pre-determinedĪmount of soybeans for a pre-determined price on a pre-determined date. Moroccan economy grew 1.Login Open Account General Trading Education Soybean Futures: What Are They and How Are They Traded? What Are Soybean Futures? India basmati rice exporters get requests for early shipmentsĬorn drops 2.2%, soybeans at two-week on milder US weather forecastĬorn drops 1.7%, soybeans down on milder U.S. Wheat, corn, soy fall on forecasts of milder U.S. Lam Soon’s Profit to See Drop in Fiscal Year 2023 Wheat, corn, soy fall on forecasts of milder US weatherĪrgentina grain inspectors end hours-long strike after government steps inįunds ejected from bearish corn bets amid Black Sea escalation -Braun Wheat Futures Drop on Wet Weekend - Daily Grain Highlights Write to Kirk Maltais at Dow Jones Newswires is scheduled to release its first- quarter earnings after the stock market closes on Wednesday. The EIA is due to release its weekly ethanol production and stocks report at 10:30 a.m. is scheduled to release its first-quarter earnings before the stock market opens on Wednesday. is due to release its first-quarter earnings before the stock market opens on Tuesday. Archer Daniels Midland is scheduled to release its first-quarter earnings before the stock market opens on Tuesday. has declined over 9% in the past month, to 947,000 barrels per day in the agency's latest assessment. "In some cases where on-site storage is reaching capacity, some producers are having to reduce ethanol production rates until cars are made available." said the RFA.Īccording to data from the EIA, the daily rate of ethanol production in the U.S. According to written testimony by the Renewable Fuels Association ahead of a Surface Transportation Board hearing beginning Tuesday, the dwell time - time at a scheduled stop without moving - for ethanol-carrying trains has more than doubled occasionally. rail system is impacting grain shipments, as well as shipments of ethanol. "With the July corn trading near $7.90, $10 corn does not seem impossible to fathom."Ĭlogged System: A backup in the U.S. "We have rainy and cooler-than-normal temps that will delay plantings again this week with no timetable when Mother Nature will spawn spring weather," said Daniel Flynn of Price Futures Group in a note. The uptick to a record high is largely contingent on how much corn farmers get planted this season. are expecting that prices for corn could rally to as high as $10 per bushel, which would easily exceed the all-time record of nearly $8.40 per bushel seen in September 2012. $10 Target: Some corn farmers in the U.S. Indonesia scaling back its previously announced ban on palm oil exports also weighed on soybeans in particular. Challenges to China's zero-Covid strategy are stoking fears about disruptions to China's supply chains. "I can tell you from first-hand experience that Illinois is having a late start to spring."ĭryness further west, including a wildfire in Nebraska, is also affecting corn planting.Ĭovid Crush: Soybean futures led the CBOT lower for much of the day, pressured by issues in outside markets. "Planting progress has been slow as the Midwest is getting untimely rain," said Craig Turner of Daniels Trading in a note. Midwest over the weekend, keeping many farmers out of their fields and unable to plant. It comes after rain fell in areas of the U.S. Rainy Days: Grain traders are keen to see the USDA's latest crop progress report, which is due this afternoon. Soybeans for July delivery fell 0.8% to $16.75 1/4 a bushel. Wheat for July delivery fell 0.3% to $10.72 1/2 a bushel. Corn for July delivery rose 1.1% to $7.98 a bushel on the Chicago Board of Trade Monday, with traders viewing weather over the weekend as keeping corn planting limited.
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