A variety of factors caused the Chicago soy complex to fall at the Chicago Board of Trade during the week ended Dec. 18, 2024.
1.
Soybeans
CBOT Weekly: Chicago soy complex tumbles, grains weaken
U.S. grains: Soybeans plummet to four-year low on Brazil crop outlook
Chicago soybean futures fell to a four-year low on Wednesday, pressured by bumper crop prospects in Brazil and a slide in soyoil prices after a proposed U.S. government spending bill failed to include support for biodiesel, traders said.
Soybean crop continues to grow year over year
Product value will continue to be under pressure moving into 2025
Statistics Canada’s November 2024 yield and production survey confirmed expectations. The outlook for corn and wheat remains bullish for the spring period due to tighter ending stocks from major exporters. The soybean market is expected to remain under pressure due to burdensome fundamentals.
U.S. grains: Soybeans hit contract lows on strong South American harvest
Chicago soybean futures sank to life-of-contract lows on Tuesday as favorable crop conditions in Brazil and weak Chinese demand for U.S. soybeans hung over the market, traders said.
U.S. grains: Corn, soy choppy amid demand uptick and strong South American crop
Chicago corn and soybean futures seesawed on Monday as market players weighed an uptick in fund buying interest against the prospect of a bumper South American corn and soy crop, traders said.
U.S. grains: Grains ease on technical selling, export demand uncertainty
Chicago Board of Trade corn futures eased on Friday on technical selling and disappointment in the size of weekly export sales, analysts said.
China’s 2024 total grain output rises to record 706 mln tons
China's total grain production reached a record of more than 700 million metric tons in 2024, the National Bureau of Statistics said on Friday, as Beijing moves to boost output in its quest to achieve food security.
U.S. grains: Corn, wheat fall as dollar gains, export sales disappoint
Chicago Board of Trade (CBOT) corn and wheat futures fell back on Thursday on a stronger dollar following rate cuts by the European Central Bank, technical trading and slower-than-anticipated weekly export sales, according to analysts.
USDA cuts corn ending stocks estimate, soybeans unchanged
USDA cuts corn ending stocks estimate, soybeans unchanged
Corn ending stocks in the United States will be tighter than earlier projections due to increased exports and demand from ethanol producers, according to updated supply/demand estimates from the U.S. Department of Agriculture released Dec. 10. The projected wheat carryout was also revised lower, while soybean stocks were unchanged.
Brazil farmer lobby asks to lift soybean ban from deforested Amazon rainforest
A farmers' lobby in Brazil is seeking to end a two-decade-long agreement that forbids grain traders from buying soybeans from farms on deforested land in the Amazon rainforest, claiming the deal has created an uneven playing field.