{"id":1843,"date":"2024-07-05T09:18:08","date_gmt":"2024-07-05T09:18:08","guid":{"rendered":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/?p=1843"},"modified":"2024-07-05T09:18:09","modified_gmt":"2024-07-05T09:18:09","slug":"soybeans-fall-to-close-near-the-low-of-the-day","status":"publish","type":"post","link":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/soybeans-fall-to-close-near-the-low-of-the-day\/","title":{"rendered":"Soybeans Fall to Close Near the Low of the Day"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"558\" src=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-48.png\" alt=\"\" class=\"wp-image-1844\" srcset=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-48.png 800w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-48-300x209.png 300w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-48-768x536.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>Soybeans&nbsp;faded off lower into the Friday close, settling near the lows with contracts down 4 \u00be to 11 cents. July did managed to pull out a \u00bd cent gain on the week, though November, down 8 cents, wasn\u2019t as lucky. &nbsp;<a href=\"https:\/\/www.barchart.com\/futures\/quotes\/ZM*0\/futures-prices\">Soymeal<\/a>&nbsp;futures were up 10 cents\/ton in the July contract, with the rest of the board down $1.40 to $3.80. &nbsp;<a href=\"https:\/\/www.barchart.com\/futures\/quotes\/Zl*0\/futures-prices\">Soy Oil<\/a>&nbsp;futures saw losses of 17 to 24 points.<\/p>\n\n\n\n<p>Ahead of Monday\u2019s NOPA crush report, traders are expecting to see 178.35 mbu of soybeans crushed among members during May. That would be up from the revised 169.4 mbu total in April and slightly above the 177.9 mbu from a year ago. A wide range of 171.35 to 187.6 mbu is expected. Soybean oil stocks are seen at 1.775 billion lbs for May 31, below the 1.832 billion lbs from the end of April.&nbsp;<\/p>\n\n\n\n<p>The weekly update from CFTC showed managed money adding back to their net short by 16,139 contracts in the week that ended on Tuesday. That net short was at 75,880 contracts. The commercial net short position was trimmed by 13,554 contracts to 23,959 by June 11.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.barchart.com\/futures\/quotes\/zs*1\/overview\">Jul 24 Soybeans<\/a>&nbsp;&nbsp;closed at $11.79 3\/4, down 9 3\/4 cents,<\/p>\n\n\n\n<p><a href=\"https:\/\/www.barchart.com\/futures\/quotes\/zspaus.CM\">Nearby Cash<\/a>&nbsp;&nbsp;was $11.24 1\/8, down 9 1\/4 cents,<\/p>\n\n\n\n<p><a href=\"https:\/\/www.barchart.com\/futures\/quotes\/ZS*2\/overview\">Aug 24 Soybeans<\/a>&nbsp;&nbsp;closed at $11.68 1\/4, down 10 cents,<\/p>\n\n\n\n<p><a href=\"https:\/\/www.barchart.com\/futures\/quotes\/ZSx24\/overview\">Nov 24 Soybeans<\/a>&nbsp;&nbsp;closed at $11.49 3\/4, down 10 1\/2 cents,<\/p>\n\n\n\n<p><a href=\"https:\/\/www.barchart.com\/futures\/quotes\/zspx24us.CM\">New Crop Cash<\/a>&nbsp;&nbsp;was $10.94 1\/2, down 10 1\/2 cents,<br><em>On the date of publication,&nbsp;<a href=\"https:\/\/www.barchart.com\/news\/authors\/6\/alan-brugler\">Alan Brugler<\/a>&nbsp;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. For more information please view the Barchart Disclosure Policy&nbsp;<a href=\"https:\/\/www.barchart.com\/terms#disclosure\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Soybeans&nbsp;faded off lower into the Friday close, settling near the lows with contracts down 4 \u00be to 11 cents. July did managed to pull out a \u00bd cent gain on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,9],"tags":[],"class_list":["post-1843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alan-brugler","category-soybeans","entry","has-media"],"_links":{"self":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/comments?post=1843"}],"version-history":[{"count":1,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1843\/revisions"}],"predecessor-version":[{"id":1846,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1843\/revisions\/1846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/media\/1845"}],"wp:attachment":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/media?parent=1843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/categories?post=1843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/tags?post=1843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}