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2/5/10 Soybean futures prices came down again this week
along with most of the other commodity markets as the recent
strength in the US Dollar is expected to diminish demand for
commodities. The recent attempts to tighten monetary policy
in China is also hurting prices as China is the number one
buyer of soybeans.
1/30/10 Soybean futures prices came down again this week as
the strength in the US Dollar continues to pressure the
grain markets. The idea that big South American crops and
better weather in Argentina pushed soybean prices to the
lowest levels in 4 months.
1/22/10 Soybean futures prices came down this week along
with most other commodity markets as the idea that China is
trying to restrain its economy by raising rates and
increasing the capital reserves its banks must keep will
diminish demand.
1/15/10 Soybean futures prices sold off this week as the
USDA supply and demand report showed US ending stocks fell
from 255 million bushels to 245 million bushels and the
world ending stocks when from 57 million tons to 60 million
tons. The recent Brazilian estimate was raised from 63
million tons to 65 million tons. Soybean option premiums are
high.
1/8/10 Soybean futures prices sold off this week as the
recent strength in the US Dollar and the news from Brazil
that they will plant a record crop this year put the bears
in charge.
1/1/10 Soybean futures prices ran up almost a dollar per
bushel over the last month or so based on the weak US Dollar
and strong 2009-10 exports because of the seemingly
insatiable Chinese appetite for soybeans this year. Soybean
options premiums are high.
12/11/09 Soybean futures prices sold off about 28 cents this
week as the US Dollar continues to strengthen. The recent
USDA report showed US ending stocks down from 270 to 255
million bushels. The world ending stocks came in unchanged
from last month at 57 million tons.
12/4/09 Soybean futures prices sold off this week and the
upbeat US jobs report pushing the US Dollar up dramatically
also helped weaken prices.
11/28/09 Soybean futures prices rallied this week as the US
Dollar hit an 18 month low making US grains look very cheap
to consumers using foreign currencies to buy them. Strong
Chinese demand and excessive rain in Iowa and Missouri are
hindering crop progress and also supporting stronger soybean
prices. Soybean option premiums are high.
11/20/09 Soybean futures prices rallied again this week as
the harvest is still behind schedule and more rain is
expected to hinder harvest even further. The current harvest
is behind the 5 year average. China is still buying soybeans
and the US Dollar just hit another contract low this week
which makes US soybeans look cheap to foreign buyers.
11/13/09 Soybean futures prices rallied this week as the
USDA estimated that US ending stocks rose from 230 million
bushels to 270 million bushels and estimated that world
ending stocks went from 55 million tons to 57 million tons.
11/6/09 Soybean futures prices sold off this week as dry
weather is expected throughout the grain belt helping
farmers catch up on the harvest progress before any damaging
cold weather comes in. Next week's USDA report is expected
to show lower yields because of the harvest delays.
10/24/09 Soybean futures prices rallied as cold and wet
weather is hindering harvest progress throughout the Midwest
and the Mississippi Delta region. The USDA estimates the the
crop is only 30% harvested which is way behind the average
for this time of year.
10/12/09 Soybean futures prices rallied this week as the
planting delays from earlier in the season are leaving
soybean acres vulnerable to early from and the expectations
are for below average temperatures this week. The recent
USDA report showed US ending stocks increase from 220 to 230
million bushels and world ending stocks increase from 51 to
55 million tons.
9/25/09 Soybean futures prices sold off as the US Dollar
rallied off of its yearly lows and no frost scares until
October 3 at least are expected.
9/18/09 Soybean futures prices are rallying this week as the
potential for frost damage on the late planted crop may hurt
yield. The weakening US Dollar and the idea that the global
economy is improving is also helping prices.
9/11/09 Soybean futures prices are near the lows as no
threats of bad weather is offsetting the collapse in the US
Dollar. The USDA report showed US ending stocks up form 210
to 220 million bushels and the world ending stocks up from
50.3 to 50.5 million tons. The USDA world crop estimate
would make this crop the largest in history at 3.25 billion
bushels. Soybean option premiums are high.
9/4/09 Soybean futures prices are near the contract lows as
the lack of aggressive Chinese buying and no potential
freeze damage based on late plantings offsets the weakening
US Dollar and the general weakness in many commodities.
Soybean option premiums are high.
8/21/09 Soybean futures prices are trying to rally again as
the weaker US Dollar and China's recent buy of 118,000 tons
of US soybeans for the 2009-10 season is digested into the
market. Soybean option premiums are high.
8/7/09 Soybean futures prices have been rallying as the US
Dollar continues to fall and the perception that the global
economy may be improving are helping prices. Soybean option
premiums are high.
7/31/09 Soybean futures prices are still down in spite of
the recent Chinese buys and better economic news and the
lower US Dollar. Soybean option premiums are high.
7/20/09 Soybean futures prices are coming down again as
great weather seems to be offsetting news that China is
still buying US beans and the weakening US Dollar may help
export demand. Soybean option premiums are high.
7/10/09 Soybean futures prices sold off this week as the
USDA report for US ending stocks showed stocks up from 210
to 250 million bushels and world ending stocks up from 51 to
52 million tons. Soybean option premiums are high.
7/4/09 Soybean futures prices held steady versus the rest of
the grain complex as the USDA acreage report showed 77.48
million acres planted which was much lower than expected.
Soybean option premiums are high.
6/21/09 Soybean futures prices sold off dramatically along
with the rest of the grain markets. The potential for
farmers switching acreage over to soybean from corn because
of the recent wet weather and planting delays. Soybean
option premiums are high.
6/5/09 Soybean futures prices are still running as tight
supplies and the weakening US Dollar are making US soybeans
attractively priced. Soybean option premiums are high.
5/30/09 Soybean futures prices are running up as tight old
crop supplies, solid export demand and firm cash prices are
fueling a rally. The bearish camp believes that farmers will
have to shift some corn acreage over to soybeans because of
the planting delays earlier in the season. Soybean option
premiums are high.
5/22/09 Soybean futures prices are still rising as US
inventories are expected to be down to 130 million bushels
by the end of August. China recently bought 116,000 tons of
2009-10 soybeans. Soybean option premiums are high.
5/15/09 Soybean futures prices are still up as the USDA
report showed US ending stocks up form 130 to 230 million
tons and world ending stocks up form 43 to 52 million tons.
Soybean prices are now at a 7 month high. Soybean option
premiums are high.
5/8/09 Soybean futures prices are rallying still as
unseasonably wet and cool weather is hindering planting
progress. Also affecting prices are Argentina's farmers
holding onto their soybeans hoping that the new congress
will lower the export tariffs. The election is June 28.
Soybean option premiums are high.
4/30/09 Soybean futures prices have been rallying and made
up for the recent swine flu related sell off with a strong
rally. Soybean option premiums are high.
4/23/09 Soybean futures prices are rallying again up near
the $10.50 level as the bad South American crop and
excessive taxed is causing farmers to hold soybeans instead
of selling them. This has pushed China to buy US soybeans.
Soybean option premiums are high.
4/10/09 Soybean futures prices are running as China bought
110,000 tons of US soybeans. The recent USDA report showed
US ending stocks down from 185 to 165 million bushels and
world ending stocks down from 50 to 46 million tons. Brazil
and Argentina are also expected to see a production decrease
of 10% versus last years output. Soybean option premiums are
high.
3/27/09 Soybean futures prices are rising as farmers in
Argentina are refusing to sell their beans and China's
recent buy of 110,000 tons. Traders are also waiting for the
USDA planting intentions report coming out March 31.
3/20/09 Soybean futures prices rallied 70 cents this week as
inflation may soon replace the deflationary cycle which is
the worst since the Great Depression that we are currently
in. The recent move by the Fed to print a trillion dollars
and use them to buy treasuries significantly decreased the
value to the US Dollar. Soybean option premiums are high.
3/13/09 Soybean futures prices rallied this week based on
the USDA supply and demand report estimate that US ending
stocks were down 25 million bushels since last month.
Soybean option premiums are high.
3/7/09 Soybean futures prices are still trading sideways as
the potential for another strike by Argentina's farmers may
be imminent. Soybean option premiums are high.
2/27/09 Soybean futures prices are trading sideways this
week as a lack of fundamental news did not give traction for
the bulls or the bears. The Argentina strike threats have
not affected prices to any large degree. Soybean option
premiums are high.
2/13/09 Soybean futures prices are still trading sideways in
spite of the USDA report showing US ending stocks down form
225 to 210 million bushels and world ending stocks down from
54 to 50 million tons. China also bought 120,000 tons of US
soybeans and South American production is expected to be
down 6% from last year. Soybean option premiums are high.
2/6/09 Soybean futures prices are trading sideways in a $1
range as drought conditions in Argentina are being remedied
by copious amounts of rainfall and expectations of more to
come. China said that they will be buying another 2.5 metric
tons of new crop soybeans. The USDA predicts that the
Argentine soybean crop will be down by 7 million tons this
year. Soybean option premiums are high.
1/30/09 Soybean futures prices have recently paused the
uptrend that was mainly caused by the drought conditions
affecting many soybean growing areas in Argentina. Right now
in South America the soybeans are going through the critical
pod filling stage of their development which requires a
greater amount of moisture or yield damage will occur.
Soybean option premiums are high.
1/16/09 Soybean futures prices sold off after the USDA
report showed builds in supplies. This comes after a two
dollar rally in prices. The US ending stocks were up from
205 to 225 million bushels and world ending stocks were at
54 million tons. Soybean option premiums are high.
1/10/09 Soybean futures prices rallied this week based on
China buying 232,000 tons of US soybeans and dry weather in
South America. Soybean option premiums are high.
12/27/08 Soybean futures prices rallied this week on news
that Argentina and Southern Brazil are experiencing hot and
dry weather. Soybean option premiums are high.
12/19/08 Soybean futures prices are following the US
Dollar's moves up and down. Strong days for the dollar
usually mean weaker prices for soybeans and vice versa.
Soybean option premiums are high.
12/12/08 Soybean futures prices rallied with the rest of the
commodity markets as the US Dollar fell sharply from its
highs. The USDA estimates US ending stocks at 205 million
bushels and world ending stocks at 54 million tons. Soybean
option premiums are high.
12/05/08 Soybean futures prices are near contract lows this
week as Argentina finally received necessary soil moisture
for the crop. Prices fell in spite of strong export demand.
Soybean option premiums are high.
11/30/08 Soybean futures prices are trading sideways as the
potential for continued deflation may hurt demand. Soybean
option premiums are high.
11/21/08 Soybean futures prices are still coming down and
the harvest is almost complete. Exports are running ahead of
last year. Soybean option premiums are high.
11/7/08 Soybean futures prices are down as the US Dollar is
strong and the recent Blizzard is not expected to have done
much damage to soybean growing areas of the mid-west.
Soybean option premiums are high.
11/1/08 Soybean futures prices are down in spite of the
harvest being behind the 5 year average. The liquidation of
commodity index funds and the strong US Dollar are keeping a
lid on rallies. Soybean option premiums are high.
10/24/08 Soybean futures prices are still falling with the
rest of the commodity markets as massive deleveraging of the
stocks and commodities continues. The repatriation of
dollars back into the US from other countries is helping the
rise of the US Dollar to 3 year highs. The problems in
Argentina considering the nationalization of pensions by the
government. Soybean option premiums are still high.
10/10/08 Soybean futures prices sold off with the USDA
report showing US ending stocks up form 135 to 220
million bushels and the world ending stocks up from 51 to 55
million tons. This report showed a huge unexpected increase
in US supplies. This increase coupled with the strong US
Dollar is hurting the grain sector. Soybean option premiums
are high.
10/6/08 Soybean futures prices are near $9. The flight to
liquidity, fears of a global recession and the strong US
Dollar are hurting soybean prices. Soybean option premiums
are high.
9/26/08 Soybean futures prices are falling again in spite of
the fact that China bought 230,000 tons of soybeans from the
US and the near term tightness in old crop stocks and the
delay in harvest in the flood stricken and wet parts of the
grain belt. Soybean option premiums are high.
9/19/08 Soybean futures prices fell again this week as a
rush for liquidity pulled most commodity markets down. Ideal
harvest weather is also helping yields. Soybean option
premiums are high.
9/12/08 Soybean futures prices fell this week based on the
strong US Dollar. The USDA report showed US ending stocks
the same as last month at 135 million bushels and the world
ending stocks up to 51 million tons from 49 million tons
last month. Soybean option premiums are high.
9/5/08 Soybean futures prices fell this week as the
beneficial rains from Hurricane Gustav are really helping
out the moisture deficits of many growing areas. The rally
in the US Dollar is also pressuring prices. Soybean option
premiums are high.
8/29/08 Soybean futures prices are trying to rally this week
based on the run up in crude oil prices and the dry weather
in the US grain belt and Argentina. The recent strength in
the US Dollar is keeping prices in a range. Soybean option
premiums are high.
8/22/08 Soybean futures prices rallied over a dollar this
week based on the correction in the US Dollar rally and the
dry weather in the grain belt that may potentially hurt
yields. Soybean option premiums are high.
8/15/08 Soybean futures prices sold off this week in spite
of the USDA report showing a decrease in US stocks from 140
to 135 million bushels and the world ending stocks showing a
slight increase from 48.9 to 49.3 million tons. Soybean
option premiums are high.
8/8/08 Soybean futures prices sold off this week based on
nearly perfect weather in the grain belt. Soybean prices
have now corrected by $4 from the June high. Soybean option
premiums are high.
7/25/08 Soybean futures prices sold off this week again as
good growing conditions throughout the grain belt will most
likely cause higher yields for the new crop. Soybean option
premiums are high.
7/18/08 Soybean futures prices sold off in the wake of the
broad based commodity sell off led by oil. Good growing
weather throughout the grain belt may help yields climb. The
USDA reported that China bought 120,000 tons of soybeans for
2008-09. Soybean option premiums are high.
7/11/08 Soybean futures prices sold off initially this week
only to stage a rally based on the USDA estimates of
US ending stocks being down from 175 to 140 million bushels
and world ending stocks falling from 50 to 49 million tons.
Soybean option premiums are high.
7/4/08 Soybean futures prices rallied to a new all time high
as the USDA report showed tight soybean stocks potentially
persisting into the new crop supplies. Soybean option
premiums are high.
6/27/08 Soybean futures prices rallied back up this week as
the grain belts flood damage is assessed. The grains were
also helped by the Federal Reserve Bank's inaction
concerning interest rates which caused the US Dollar to drop
sharply. Soybean option premiums are high.
6/20/08 Soybean futures prices sold off
from its highs as the panic buying because of the mid west
flooding may be factored into the price. The flooding is
almost as bad as the 1993 floods and 2 million soybean acres
are estimated to be lost because of the floods. The
Argentina strike issues are still helping hold up prices.
Soybean option premiums are high.
6/13/08 Soybean futures prices rallied
again this week as flooding in the corn belt caused all time
high corn futures prices this week and the fact that some
soybean fields will probably have to be replanted. The USDA
supply and demand report reduced US ending stocks from 185
to 175 million bushels. Soybean option premiums are high.
6/6/08 Soybean futures prices rallied
this week based on the sell off in the US Dollar and
planting delays. Strong exports from Asia are also helping
prices. Soybean option premiums are high.
5/30/08 Soybean futures prices are
trading sideways this week. The USDA reports that 52% of the
crop is planted which is below the 5 year average of 67%.
Soybean option premiums are high.
5/23/08 Soybean futures prices sold off
again this week as the Argentina farmer strike issues look
to be settled soon. The USDA reports that 27% of the
soybeans are planted which is down from the 5 year average
of 47%. Soybean option premiums are high.
5/15/08 Soybean futures prices sold off
from the highs in sympathy with corn. Soybean acres may drop
because of the good planting weather expectations over the
next week. Soybean options premiums are high.
5/9/08 Soybean futures prices rallied
this week because of huge global demand numbers and the
strike in Argentina is expected to start up again sending
buyers to the US. The USDA supply and demand report
estimates that the US ending stocks for soybeans are 185
million bushels which is up from 145 million bushels in
2007-08. Soybean option premiums are high.
5/1/08 Soybean futures prices sold off
this week based on the perception that less corn will be
planted because of bad weather and farmers will be forced to
plant soybeans. Soybean option premiums are high.
4/25/08 Soybean futures prices sold off
this week based on a lack of new bullish news and the rally
in the US Dollar. Brazil has already sold 67% of its crop
and export demand to China is still robust. Soybean option
premiums are still very high.
4/18/08 Soybean futures prices rallied
this week on massive speculative fund buying but profit
taking put a lid on prices. One bullish note is the
potential for the Argentinian farmers strike to get started
again because negotiations are not working out. China's
first quarter GDP rose by over 10%. Soybean
option premiums are very high.
4/11/08 Soybean futures prices rallied
this week because the Argentina farmers strike is expected
to begin again. Also helping prop up soybean futures prices
is huge Chinese buying of US soybeans. The soybean option
premiums are very high.
4/4/08 Soybean futures prices had
another wild ride this week. Down limit on Monday and
rallying ever since. The USDA report showed acreage up 18%
from a year ago and stockpiles down 20%. The strike in
Argentina is over and China made a huge soybean buy this
week. Soybean option premiums are very high.
3/28/08 Soybean futures prices had a
wild ride this week. 2008 planting is not expected to
replenish stockpiles to comfortable levels and since March 4
the farmers in Argentina have been on strike. The USDA
prospective plantings report is coming out on March 31.
Soybean option premiums are high.
3/21/08 Soybean futures prices kept
falling this week as Wall Street hedge funds and commodity
funds liquidated futures positions to cover margin calls in
stocks and to pay back borrowed money. The Bear Stearns
issue took the confidence from investors. The Fed's 75 basis
point cut surprised investors because a full 100 basis point
cut was expected. Soybean option premiums are high.
3/14/08 Soybean futures prices are
consolidation sideways near all time highs. The USDA report
showed US ending stocks down from 160 million bushels to
140. Many farmers are expected to plant soybeans at the
expense of corn this planting season. The next major report
is on March 31 and is the prospective plantings/quarterly
stock report. Soybean options premiums are high.
3/7/08 Soybean futures prices hit
another contract high this week before following the other
commodities lower in a broad based commodity sell off. The
USDA report on 3/11/08 is expected to show an increase in
soybean and wheat acres expectations by US farmers. China's
largest soybean producing province just had its worst
drought and is expected to plant less soybeans. Soybean
option premiums are high.
2/29/08 Soybean futures prices hit
another contract and all time high this week based on dry
weather in Brazil and talk of soybean exporters around the
world slowing exports in an effort to diminish food
inflation. The US coast guard had to close down the
Mississippi river 45 miles from the mouth because of a
marine related accident. Soybean option premiums are high.
2//22/08 Soybean futures prices hit all
time highs this week based on Chinese demand and in spite of
Brazil and Argentina getting much needed rain. The USDA's
planted acreage report showed soybean planted acreage up 12%
to 71 million acres as farmers choose the most profitable
crop to plant. However, there is still plenty of time to
change their minds until planting is over. Soybean option
premiums are high.
2/15/08 Soybean futures prices were
higher this week in spite of the USDA long term projected
2008-9 soybean production estimates being up 14%. There were
also rumors of China buying a couple of cargoes of soybeans.
The high soy oil demand from China is probably based on the
fact that their rapeseed crop was badly damaged by Winter
storms. Soybean option premiums are high.
2/8/08 Soybean futures prices are near
their all time high and the USDA report showed a decrease in
US and global stocks. Also helping the rally is the lack of
quality soy seed which may threaten soybean acreage
expansion this year. Soybeans futures prices seem unaffected
by the strengthening US dollar but February is typically a
soft month for grain futures prices. Soybean option premiums
are high.
2/1/08 The soybean futures prices hit
a 34 year high because of higher global demand and the
falling US Dollar is helping exports. The USDA report showed
a reduction in global stocks to 46.2 million tons which is
called to pressure soybean futures prices higher. The long term effect of increased bio diesel demand are still unknown for soybean
futures prices. New soybean rust infestations in the US and
Brazil are also affecting
soybean futures prices.
-T & K Futures and Options Inc. |
