Pricing (Page 5)

From Van Trump today:

Soybeans struggle to find continued upside momentum.
There’s very little fresh or new to report in regards to beans. Chinese demand
remains in question, not only because of the current trade conflict, but also
because the ongoing spread of African Swine Fever and the negative hog margins.
Bullish Chinese soybean  Read More

Shows extreme drought in major cotton growing areas in Texas and click read more to see other areas of the country.

  Read More

Note this is where we have gone with Soymeal since January and we still have about $40.00 to go…..

https://www.barchart.com/futures/quotes/ZMK18

Soybean bears seem to be making a little more noise about a burdensome balance sheet. The production problems in Argentina have been well advertised, but the trade seems uncertain about the full extent of damage. The Rosario Grain Exchange made a huge cut yesterday to their Argentina soybean production  Read More

Grains

Grain prices this morning are mixed with Mar corn unch, Mar soybeans -1.75 (-0.17%), Mar wheat +0.25 (+0.06%).  Grains on Wednesday settled mixed: Mar corn +0.25 (+0.07%), Mar soybeans +7.75 (+0.75%), Mar wheat -2.00 (-0.45%).  Bullish factors included (1) drought concerns in Argentina, the world’s largest soybean  Read More

Gives the lie that exports are whats behinds higher DDG prices since exports for 2017 are BELOW 2016 !

CORN EXPORTS ARE RUNNING AT 55% VS. LAST YEAR VS. USDA FORECAST 84%

SOYBEANS                                          88%                                                                103.5%

WHEAT                                                 94%                                                                   95%

Rally fading away, Rolled corn and Canola, off some. I have a motivated Almond Hull seller so give us a call. August is “no mans land” better stockpile what you need to get thru day after Labor Day

China’s soybean importers are pushing to postpone or cancel cargoes mainly ordered from suppliers in Brazil as they rack up hefty losses processing the commodity into cooking oil and animal feed ingredients, said three trade sources. China, which buys around 60 percent of soybeans traded worldwide, took advantage of  Read More

Soymeal stockpiles held by crushers are rising as crush volume exceeds market demand and as the country will continue to import a large volume of supply May-July, China National Grain and Oils Information Center says in emailed report on Wednesday. Meal stockpiles rose to 875,000 tons by Tuesday, +20%  Read More