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Latest From Bill Tiedje
Soybean futures ended higher Friday, supported by optimism for a potential resolution to the trade dispute between the US and China. Soymeal and soyoil contracts saw similar gains. March soybeans gained 9¢ at USD9.16 3/4.
Soybean futures traded higher Thursday, after an Argentine forecaster lowered its planted area projection for the country because of excessive rainfall. Soymeal contracts ended higher with the widest gains in soyoil contracts. March soybeans gained 13 1/4¢ at USD9.07 3/4.
Soybean futures found technical support Wednesday following Tuesday’s losses. Soymeal contracts ended higher, while soyoil contracts settled slightly lower. March soybeans gained 1 1/4¢ at USD8.94 1/2.
Soybean futures traded lower again Tuesday, pulling soymeal and soyoil contracts lower. March soybeans lost 10 1/4¢ at USD8.93 1/4.
Soybean futures ended modestly lower Monday, falling below the 50-day moving average. Soymeal and soyoil contracts also saw pressure. March soybeans lost 6 3/4¢ at USD9.03 1/2.
Soybean futures ended slightly Friday, taking back a portion of Thursday’s losses. Soymeal contracts ended lower, while soyoil contracts ended modestly higher. March soybeans gained 3 1/2¢ at USD9.10 1/4.