The month of July saw soybean prices rise slightly as the complex recovered from the price crash caused by shifting U.S.-Chinese trade policies. With Europe likely set to purchase more soybeans in the months ahead, rising demand has offered a bit of price support across the soybean complex.
Front-month soybean prices on the September 2018 contract in Chicago in July rose by 4.5% to $9.09 USD per bushel. For November 2018 new crop soybean prices, the contract rallied 13.5% to close the month of July at $9.19 USD per bushel.
For our GrainCents readers, we’re watching a variety of factors that might affect soybean prices: 7 are noise, 3 are bearish, 3 are bullish.
(If you’re not familiar with what “noise” is, then we recommend you check out our GrainCents risk management process towards soybean prices.)
This month, GrainCents investigated topics such as:
- Where soybean prices are headed next in the second half of 2018;
- Declining U.S. soybeans exports in the July WASDE report;
- Rising global trade uncertainty – and who is profiting from it;
- Is this bullish factor the only hope left for 2018 grain prices?
With a trade war and tariffs creating volatile markets, it’s more important than ever to stay on top of the factors affecting soybean prices. Capture market premiums with GrainCent’s sales recommendations and actionable cash grain marketing advice delivered directly to your inbox.
Especially worthwhile in your GrainCents subscription is the Soybeans Weekly Digest, which gets sent out every Sunday morning. In addition to recapping our cash grain sales position, this chart-fueled read provides an insightful recap of the previous week’s activity in soybean markets. We also walk through, in detail, what we’re watching across the global market in the week(s) ahead that could influence soybean prices.
Start making more sense of what’s affecting corn prices with a free three-week trial to GrainCents, our exclusive sales recommendation service that holds a 93% success rate on getting farmers the best price possible.