Soybean Rally Extending to Tuesday Morning

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Futures were in rally mode on Monday, with nearby contracts up 23 to 32 3/4 cents. Open interest data suggested net new buying, up 9,524 contracts on Monday. The cmdtyView national average Cash Bean price was 33 1/2 cents higher at $10.84 1/2. Soymeal futures were back up $2.20 to $6.40 on Monday, with Soy Oil futures 60 to 99 points higher.Wire reports indicated at least 14 cargoes (~840,000 MT) were purchased by China on Monday, with some pushing that number towards 20 cargoes (1.2 MMT).Coffee Prices See Support as Substantial Tariffs Remain on Brazilian CoffeeWhat Spiked the Soybean Market - Again?Coffee Prices See Support as Substantial Tariffs Remain on Brazilian CoffeeStop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!This morning’s Export Inspections report showed a total of 1.176 MT (43.22 mbu) of soybeans shipped in the week of 11/13. That was 4.6% above the week prior but still 48.1% below the same week last year. Italy was the largest buyer of 199,425 MT, with 196,653 MT shipped to Mexico and 176,415 MT to Egypt. China has remained off the list for shipments. The marketing year total is now 10.109 MMT (371.46 mbu) of soybeans shipped, which is now 42.5% above the same period last year.NOPA data released this morning showed a total of 227.65 mbu of soybeans crushed in October, exceeding the trade range of estimates. That was an all time record for any month of NOPA members, a 13.86% increase from last year and 15.05% above September.  Soybean oil stocks were tallied at 1.305 billion lbs, up 22.16% above last year and 4.9% larger than September.Brazil’s soybean crop is estimated at to hit 177.7 MMT according to Abiove, a reduction of 0.8 MMT from their previous number.Jan 26 Soybeans  closed at $11.57 1/4, up 32 3/4 cents, currently up 8 3/4 centsNearby Cash  was $10.84 1/2, up 33 1/2 cents,Mar 26 Soybeans  closed at $11.63 1/4, up 27 1/4 cents, currently up 6 centsMay 26 Soybeans  closed at $11.70, up 23 1/2 cents, currently up 5 3/4 cents On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com CGU et Politique de confidentialitéPrivacy & Cookie SettingsMore InfoS&P Futures6,738.25 +76.75 (+1.15%)Dow Futures46,452.00 +244.00 (+0.53%)Nasdaq Futures25,135.50 +413.75 (+1.67%)Russell 2000 Futures2,375.80 +20.90 (+0.89%)VIX23.66 -1.03 (-4.17%)Gold4,099.30 +16.50 (+0.40%)PortefeuilleConnectez-vous pour accéder à votre portefeuilleSe connecterLes plus performantsNUVB Nuvation Bio Inc. 7.15 +2.35 (+48.96%)EXAS Exact Sciences Corporation 86.18 +16.50 (+23.68%)AMTM Amentum Holdings, Inc. 25.52 +3.73 (+17.12%)PACS PACS Group, Inc. 16.83 +2.40 (+16.63%)TMDX TransMedics Group, Inc. 133.47 +16.40 (+14.01%)Les moins performantsWIX Wix.com Ltd. 101.70 -25.22 (-19.87%)DGNX Diginex Limited 13.46 -2.74 (-16.91%)QFIN Qfin Holdings, Inc. 19.23 -3.19 (-14.23%)ES Eversource Energy 65.26 -9.28 (-12.45%)POWL Powell Industries, Inc. 285.29 -36.10 (-11.23%)Les plus liquidesPLUG Plug Power Inc. 1.9000 -0.2400 (-11.22%)NVDA NVIDIA Corporation 186.52 +5.16 (+2.85%)ONDS Ondas Holdings Inc. 7.50 -0.34 (-4.34%)OPEN Opendoor Technologies Inc. 6.69 -0.83 (-11.04%)ABEV Ambev S.A. 2.4700 -0.0600 (-2.37%)Événements concernant les bénéficesÉvénements concernant mes bénéficesÉvénements concernant les bénéficesActions du momentNVDA NVIDIA Corporation 186.52 +5.16 (+2.85%)PANW Palo Alto Networks, Inc. 199.90 -1.10 (-0.55%)CRWV CoreWeave, Inc. 74.92 +0.02 (+0.03%)AVGO Broadcom Inc. 354.42 +13.92 (+4.09%)AMD Advanced Micro Devices, Inc. 223.55 -6.74 (-2.93%)Principaux événements économiques