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US Soybeans Futures - May 24 (ZSK4)

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1,136.50
+1.50(+0.13%)
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US Soybeans Futures Discussions

may it huge?
what's the position of beans in Brazil
Let’s go 1336/38
So you dont see a rally in beans in the offing? Hoping brazil weather propels it up.
I was being sarcastic. BRZ number will be small and but will take a while for them to show that
You always fool me lol. I realize im easily fooled.
Daily beat down. Dont know whats worse, beans or corn.
Elaborate?
next week market up / down
This week alone there were: ▪️1.31 million tonnes (48.2 mbu) for 2023/24 ▪️125,000 tonnes (4.6 mbu) for 2024/25
all soybean crops are in trouble, in Brazil,  those that were not harmed by the lack of rain during planting are without rain during flowering and grain filling! ...they need rain yesterday!   Corn started to shoot, whoever bought seeds for the second season, if they harvest the soybeans earlier, they will plant less and with reduced fertilizer! Almost nothing..
 The situation is catastrophic in Brazil. We won't have a record and we will probably be below average.Many farmers have lost half of their crops so far. The cost of soybean farming is 3 tons of soybeans per hectare, to harvest a maximum of 3.4 to 3.6 tons. Losing half of a crop puts you out of business.
China coming to the us for 3-5 cargoes a week won’t help the export situation either
they are coming here becsuse they are worried about brazil
Check out the 1973 soybean chart on South American fish meal crisis. Quite impressive
got any link ?
US soybean market can move huge with South American events. Look at 1973 Soybean chart when problem with Argentina fish meal. Gapped up 30 cent limit or more for days, weeks. Did it reach 13.00 a buschel in 1973? My Dad was caught short on futures with about 13 limit up days with no trading, gap up limit and cannot buy out of bbn his many short contracts. It was like trading places.......
Soybean south american drought continues and COULD become a real problem going forward the next 8 weeks. If this continues over the next month or two, very very large.
Jan or Mar soybeans are a big buy going into winter months here, into early spring.
I believe Jan 15 big yearly crop report will show reduced yields on 2023 soybeans due to hot dry Aug weather in US. The position is go long soybeans sometime between now and Jan 15 crop report. Weather could rally this market before then. Entry long position all open
Soybeans now only selloff if big weather shift in South America turns to cooler and rain. If not there will be some short term selling on some rain here and there. Always corrections on bull market with some forecast rain. Hot and dry trend will send this market higher. High as it is dry
15.50 to 16.00 soybeans by sometime in Feb? Only if drought continues in Brazil for next 2 months.
lm thinking big crop yield reductions in Brazil going forward, meaning increased exports from USA, meaning big rally into winter months on Chicago Board of Trade, now all electronic trading.
Hot dry weather in central and northern Brazil Oct, Nov, and now Dec. El Nino weather pattern. Definate reason for 32 cent rally today. Hot dry forecast for next 2 weeks. Jan and Feb weather down there is like July and Aug here. If it stays hotter and drier in Brazil going forward here, we are looking at a gigantic rally in Jan and Mar soybeans.
Gents,Can this hold, or is it destined for an all too familiar fate of fading hard at the close?
Yes. It can
Will $13 hold into close….
Surprising
kind of a bullish close….
Grains are dogs.
But huge Jan report around Jan 15, 2024, with updates on final 2023 yields and 2024 carryover numbers. I believe Jan crop report could be big bullish soybeans. Position accordingly between now and the big report Jan 15. They already sold off a dollar on some rain in Brazil to major 1290 support. Is 1291 the winter low from here????
The report won’t be consequential, they will be slow to cut SA production. Historically price rallies to March
Tested 1291 support, over a dollar selloff from about 1400. Now monthly crop report at 11am central tomoorow, Fri. Bean market now 23 cents off major support lows. Future action depends on tomorrow crop report short term, and weather Brazil and Argentina most important now thru Feb. That is what they trade now, South American weather thru February.
Big ol thumbs up on this
Im trapped like a long rat. Hope youbguys are right about some green days. My bag is rather heavy at the moment.
Historically dec is a green month. Hang in there. GL
thanks! I’m patient and not overburdened with contracts.
long!!
it goes again 1400?
but for how long
Well it took a little longer then I originally anticipated but it's working nicely. The longer it takes the harder it breaks . look to cover open shorts @ 12.79
Good call
Why so cheap
Lot cheaper today. Or as a bag holder it got a lot more expensive.
any possibility for 1400
oversold.
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