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Archive for the Soy Bean Category

USDA January Report | January 12, 2016

USDA January Report | January 12, 2016

Market Trends Report | January 12, 2016 – Here are a few highlights from the USDA January WASDE (World Agricultural Supply and Demand Estimates) report released today: US Soybean ending stocks were reduced to 440 million bushels from the previous estimate of 465 million bushels US Soybean oil ending stocks were reduced by 35 million lbs. due to an increase in bio-diesel usage and exports World soybean carry out was reduced to 79.28 million MT […]

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Market Trends | January 6, 2016

Market Trends | January 6, 2016

Market Trends | January 6, 2015 – Here is a look back at some of the key events that affected the commodity oils market: • During 2015 the market traded down to levels not seen since October 2006, but overall the decline in futures prices was just 5% YOY. • The South American crop harvested in January/February was a record crop which helped pressure futures prices. • A wet spring delayed plantings in the US […]

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Market Trends | December 29, 2015

Market Trends | December 29, 2015

Market Trends Report | December 29, 2015 –  After the significant rally the last half of November and first week of December, soybean oil futures traded lower by about 2 cents the balance of December.  This was primarily due to the belief that the $1 bio-diesel tax credit will be a blender’s credit and not a producer’s credit.  As a blenders credit, bio-diesel stock can still be imported from other countries and not all the […]

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Market Trends | December 7, 2015

Market Trends | December 7, 2015

Market Trends for December 7, 2015 | Since Nov. 16 soybean oil futures have rallied nearly 5 cents per pound, which is over a 15% rally in the price. A – Start of the rally 11/16. Opening price .2735 B – Resistance level – After trading closed above this level many traders covered their short positions helping spur prices higher. C – On Friday 12/4 talk that Senator Grassley was changing the wording on the […]

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Soy Bean Oil Overview – November 4, 2015

Soy Bean Oil Overview – November 4, 2015

Soy Bean Oil Overview – November 4, 2015 | The average futures price for 2015 is about .3075 and we are currently trading around .2850. The low end of many analysts’ expectations for futures going forward is around .2500 and some or several of the following would have to occur to get us down to that level. The S. America soybean crop will need to come in at the current record expectation of 100 million […]

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