ZLMAIN Soybean Oil Futures(DEC4)
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Soybean Oil Futures(DEC4) News
Chicago SRW wheat prices continue to weaken while sentiment for soybean and corn is bullish.
Weekly overview. This week, the price of hard red winter wheat (HRW) continued to decline due to the improved crop outlook for wheat.
Chicago SRW wheat futures have fallen for the third consecutive week, while soybean futures have remained relatively stable.
Weekly Overview - Price Changes This Week: Over the past week, CBOT agricultural commodity prices have fallen. Wheat prices have fallen due to improved HRW crop prospects, while corn and soybean prices have remained relatively stable.
U.S. Corn Export Sales Beat Forecasts
Export sales of U.S. corn rose just above the high-end of analyst predictions for the week as soybean export sales again fell on the low side.
Huatai Securities: New soybean supply and demand easing, global corn production may be reduced
The USDA slightly lowered the forecast for Brazilian soybean production by 1 million tons due to the severe flooding in southern Brazil. The impact is still ongoing, and continuous follow-up is required.
US Sees Tighter Grain Supplies, Sending Prices Higher
Global grain supplies will be tighter in the coming season, setting the stage for higher prices for agricultural commodities as economies are still coping with stubborn inflation, according to a key US forecast.
U.S. Grain Export Sales Fall Within Estimates
U.S. grain export sales reported by the Department of Agriculture fell within the estimates of analysts surveyed by The Wall Street Journal this week.
Canadian Stocks of Wheat Fall, Canola Rise
OTTAWA--Canadian stocks of wheat are down sharply on last year, while canola stocks have risen with a sharp fall in exports.
Weather, market sentiment, growing regions, who dominated the agricultural products market in the second quarter?
Weekly overview of this week's price changes Over the past week, CBOT agricultural product prices have basically fluctuated in the range, but soybean oil prices have declined. The USDA report for April is in line with market expectations, with minimal volatility, as people now pay more attention to planting progress and weather effects. We are entering the so-called weather market, and long-term pricing for commodities will largely depend on weather forecasts and actual conditions in key growing regions. The importance of this stage has been amplified by the current tight balance between supply and demand for various crops, limiting the margin of error when weather adversely affects yield. This situation has exacerbated the price pair
Planting forecasts fall short of expectations; corn futures prices soared
Weekly overview of this week's price changes In the past week, the CBOT agricultural products trading range has expanded, but there is still little change in price from week to week. The US Department of Agriculture (USDA) planting report, which is widely anticipated by the market, shows that wheat and soybean cultivation forecasts are in line with expectations, but insufficient corn cultivation supports corn prices. The USDA forecast for corn cultivation in 2024 fell short of expectations, causing corn futures prices to soar 3% in December, the biggest one-day increase since July and the highest price since the end of January. However, despite the possibility of a reduction in production, the existing room for production reduction within the corn supply-demand balance sheet has been reduced
Short-term price rebound of corn, limited long-term value depends on two factors
Weekly overview of this week's price changes Over the past week, cereal and oilseed prices have rebounded slightly after a period of decline. This recovery is taking place despite uncertainty about the area under US crop cultivation. The US corn market is facing large inventories, which reduces the possibility of price increases in the face of secondary crop problems. By contrast, the soybean and wheat markets are more sensitive to the performance of northern hemisphere crops, and given tight balance sheets, there is little room for error. The net position of the Soybean Management Fund (in contract units) The Management Fund continued net sales of almost all commodities
Grain prices are still sluggish, and the performance of oilseed trends is divided
Weekly overview of this week's price changes In the past week, cereal prices have experienced a slump, while oilseed complexes have shown mixed results; in contrast to the fall in soybean and soybean meal prices, boosted by widespread support from the vegetable oil market, soybean oil prices have risen. The USDA report did not show a significant deviation from market expectations. Soybean inventory estimates were slightly higher than predicted, but failed to significantly affect prices. This indicates that higher inventory levels are within expectations. The Traders' Commitment (COT) report highlights that regulated funds continue to maintain a net seller trend and maintain net shorts in almost all commodities covered by this analysis
The sharp drop in oil prices affected the agricultural products market, and US corn and soybean futures fell to multi-year lows
The Zhitong Finance App learned that on Monday local time, US corn futures fell to a low of more than three years and soybean futures fell to a two-year low due to a sharp drop in crude oil prices and the agricultural products market. The energy market can influence grain futures because corn is used to make ethanol and soybean oil is used to make biofuel. Analysts say technical sell-offs and favorable rainfall in Brazilian crop-growing regions have also helped lower food prices. The March contract for corn on the Chicago Futures Exchange closed down 1.4% to 4.55 US dollars/bushels, the lowest price since December 2020, while the March soybean contract closed down 0.8% to 1
Soybean prices hit record as inflation stays hot
Soybean prices have soared some 30% this year to a record, a surge that promises further pain for consumers facing the most severe bout of food inflation in a decade.