Category: Commentary

No.1 domestic soybeans rose nearly 2% on Thursday. Prices had been trading in a narrow range for most of July but have now broken higher and reached the highest level since May.

No.2 soybean futures moved sharply higher on Monday, reaching the highest level since March for the continuous front-month futures. Soybean meal followed the move higher, breaking above previous resistance at 3100 yuan/ton Corn and corn starch futures were lower. After briefly holding the previous support level of 2280 yuan/ton, corn fell below that and fell… Continue reading Futures Recap

Corn prices were under pressure on Friday and hit the lowest level since February. Prices previously found support around 2280 yuan per ton, but market sentiment has become more bearish as the harvest of spring-planted corn in central and northern China gets closer. Demand for damaged wheat has fallen due to the harvest of some… Continue reading Futures Recap

No.2 soybeans and soybean meal futures gapped sharply higher to start the week but sold off and ended the day essentially flat. Hog futures sold off, with the September contract down nearly 3.5% and the January 2027 contract trading to the lowest level since June 8.   Rapeseed meal was under pressure today, with Reuters… Continue reading Futures Recap

Markets were mostly higher to start the week, with No.2 imported soybeans trading to the highest level since May 21. Meal and oil prices also followed the move higher. Corn prices failed to hold the previous support level of 2300 yuan per ton and fell by nearly 1% on higher volume and growing open interest.… Continue reading Futures Recap