Back to News
investment

Soybeans Posting Midday Gains

Barchart
Loading...
3 min read
0 likes
⚡ Quantum Brief
Soybean futures surged midday Thursday, with contracts rising 6 to 11 cents, led by bullish momentum. Cash bean prices climbed 10 cents to $9.71¾, while soymeal and soy oil futures also gained $1.40/ton and 59 points, respectively. Export sales data, delayed until Friday, may show old-crop soybean sales between 100,000–500,000 MT for the week of February 13. New-crop sales could reach 100,000 MT, with soymeal sales estimated at 200,000–600,000 MT. The International Grains Council reduced its global soybean production forecast by 2 MMT to 418 MMT, lowering ending stocks to 82 MMT, signaling tighter supply expectations. March 2025 soybean futures hit $10.41¾ (up 10 cents), while May and November contracts rose to $10.59 and $10.58, respectively. New-crop cash prices also increased 7 cents to $9.94½. Traders anticipate volatile ag futures markets amid shifting supply projections, with soybean oil bookings ranging from a 5,000 MT reduction to 25,000 MT in net sales.
AI Audio Summary
0:00 / 0:00
Click to play
634ac7ee-9589-4c49-958b-238f62ca6c02.jpeg
Quantum News · Media Library

AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Soybeans Posting Midday Gains February 20, 2025 — 07:50 pm EST Written by Austin Schroeder for Barchart-> Soybean futures are seeing bulls push back on Thursday, with contracts 6 to 11 cents at midday. The cmdtyView national front month Cash Bean price is 10 cents higher at $9.71 3/4. Soymeal futures are up $1.40/ton on the day, with Soy Oil futures back up 59 points. Export Sales data will be pushed back to a Friday morning release, as traders expect to see between 100,000 and 500,000 MT in old crop bean sales during the week of 2/13. Sales for new crop are estimated to be up to 100,000 MT. Soybean meal sales are seen at 200,000-600,000 MT in bean sales. Bean oil bookings are expected to be between net reductions of 5,000 MT and net sales of 25,000 MT.The International Grains Council cut back their projection for world soybeans by 2 MMT to 418 MMT, with ending stocks 2 MMT lower to 82 MMT.Mar 25 Soybeans are at $10.41 3/4, up 10 cents,Nearby Cash is at $9.81 1/1, up 10 cents,May 25 Soybeans are at $10.59, up 10 3/4 cents,Nov 25 Soybeans are at $10.58, up 6 3/4 cents,New Crop Cash is at $9.94 1/2, up 7 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from Barchart The Baltic Dry Freight Index Is Near a 2-Year Low. Why It’s a Bearish Omen for Commodities.

High Volatility Could Soon Hit Ag Futures Markets. Here’s 2 Ways to Play It. Failure Points: Looking At What Is Priced In and What Isn't In The Grain Markets The USDA’s Big Surprise: How Crop Reductions Will Likely Impact Grain Prices The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags Stocks Barchart With headquarters in the heart of Chicago's financial district, Barchart has been an industry-leader since 1995 when we launched Barchart.com as one of the first websites for commodities and futures market data. Since then, we have evolved into a global financial technology leader providing market data and services to the global financial, media, and commodity industries. More articles by this source-> More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.

Read Original

Source Information

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.