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News specific to inform, educate and assist ag retailers is delivered in this e-newsletter weekly each Thursday. Circulation is limited to only ag retailer/distributor management and employees.

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Market Commentary

Afternoon Comments 05/23


Soybean futures also traded weakly early Thursday morning, but later seemed to benefit from the USDA Export Sales report. Old crop sales reached 183,500 tonnes last week, while the top forecast was 100,000; new crop sales netted 838,900 tonnes, easily topping the largest estimate at 450,000. However, traders appeared much less optimistic about new crop price prospects, possibly due to ideas plantings are progressing very rapidly. The stunning reversal from noon highs may presage short-term July weakness. July soybean futures closed up 5.25 cents at $14.995/bushel Thursday after having reached $15.4675 at one point. July soyoil rose 0.02 cents to 49.66 cents/pound, and July soybean meal fell $3.6 to $437.0/ton.
Market Info

Key Reports/Outlook

Soybean prices projected higher

04/10/2012 7:45:44 AM

According to the USDA's WASDE report, U.S. soybean exports for 2011/2012 are increased 15 million... Read more.

Corn stocks drop 8 percent, soybean stocks jump 10 percent

03/30/2012 7:40:49 AM

The USDA's latest Grain Stocks report showed that corn stocks in all positions on March 1, 2012, totaled... Read more.

Intended corn acreage up 4 percent, soybeans down

03/30/2012 7:37:45 AM

According to the USDA's Prospective Plantings report, corn growers intend to plant 95.9 million acres... Read more.

Soybean net sales climb 32 percent

03/29/2012 8:56:14 AM

According to the USDA's U.S. Export Sales report, soybean net sales of 471,900 MT were up 32 percent... Read more.

USDA: Soybean sales drop 42 percent

03/22/2012 8:30:00 AM

According to the USDA's latest U.S. Export Sales report, soybean net sales of 356,700 MT were down... Read more.

Soybean net sales take a dip

03/15/2012 8:07:24 AM

According to the USDA's latest U.S. Export Sales report, soybean net sales of 609,700 MT were down... Read more.

U.S. soybean exports unchanged on reduced S. American supplies

03/09/2012 7:39:53 AM

The USDA's WASDE report, released on Friday, showed that U.S. soybean supply and use projections for... Read more.

Soybean net sales soar 85 percent

03/08/2012 8:25:33 AM

According to the USDA's latest U.S. Export report, soybean net sales of 1,015,200 MT were up 85 percent... Read more.

Soybean net sales plunge 53 percent

03/01/2012 8:19:29 AM

According to the USDA's latest U.S. Export report, soybean net sales of 549,100 MT were down 53 percent... Read more.

USDA: Soybean sales reach new high

02/24/2012 7:40:00 AM

The USDA's latest U.S. Export Sales report, released on Feb. 24, showed that soybean net sales of... Read more.

Soybean net sales dip

02/16/2012 8:20:52 AM

According to the USDA's latest U.S. Export Sales report, soybean net sales of 436,700 MT for the 2011/2012... Read more.

Soybean futures rebound into the close on Friday

02/10/2012 2:29:38 PM

Corn futures traded lower on Friday. The bullish momentum in the market was lost after hitting four-week... Read more.

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