Week in Review

Week in Review


Weekly Recap

Soybean futures edged higher on a weekly basis for a second consecutive week.  Futures prices were up a penny per bushel for the July contract and 1.25 cents for August.  Values closed on nearby price resistance at $8.50 per bushel. Optimism regarding China and the Phase 1 purchase agreement this morning appears to be pushing values higher.  However, escalating tensions between the US and China could temper optimism. Planting progress is expected to have been strong over the prior week when the weekly crop progress report is released later today. Friday’s Commitment of Traders (COT) report showed managed money is leaning ta bit more bullish, adding nearly 5,000 long futures contracts and boosting their net long position to 8,908. Price resistance of $8.50 is currently being…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

View a Sample Price Report Downloadable PDF

  • This field is for validation purposes and should be left unchanged.

*all fields required

More from the author


Soybean Oil Use in Biodiesel Production at 8-Month High


Amendments to California’s Low Carbon Fuel Standard (LCFS) Take Effect Next Week


EPA Succumbs to Mounting Pressure to Release SRE Data

Latest News


Podcast: Feedstocks to Biofuels Market Intelligence Weekly Webinar


Small Refinery Exemptions



Bullish U.S. Acreage Data Drives Soybean Oil Higher

Latest Tweets

Chase Hubbard is on Thursday's discussion of The ‘Lo Down: Real Talk With Hemp Farmers. We’re going over the hemp marketplace with a fine-tooth comb, from pricing to ... forecasting, commoditization challenges, policy and much more #cbd #hempfarming https://www.instagram.com/p/CBDjGLSBXdb/

Webinar on 2020 Organic Corn and Soybean planting survey results, presented tomorrow. https://us02web.zoom.us/webinar/register/WN_tq4BSybeQ-K8lw8yE5vBjA #organic #organicfood ... #grain #corn

Load More...