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Tag Archives | Soyoil

soybeanfield-595

Soybean Acres are Key for 2017/18

There has been much discussion about how many more acres producers will plant to soybeans this year. Last year they planted 83.4 million acres, up from 82.7 million in 2015/16. As recently as 2013/14, that number was only 76.8 million. All it takes is a look at a chart of Chinese soybean imports to see […]

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soybeanfield-595

Malaysian Palm Oil Leads the Way

The technical action is positive but the strength is coming from palm oil and soybean oil strength. Keep in mind; speculators hold a record high net long position in soybean oil. Chinese customs reports China’s October soybean imports totaled 5.21 million tonnes, down 5.8% on the year. January-October soybean imports were up 1.9% on the […]

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A Good Soybean Sales Number Could Get the Bulls Exited

Indonesia’s crude palm oil output may fall to 30.4 million tonnes from 32.5 million in 2015 because of lingering effects of El Nino according to the Indonesian Veg Oil Association. China booked three cargoes of canola yesterday amid surging domestic rapeseed oil prices according to China National Grain and Oils Info Center. Importers also bought […]

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