GRAINS — Soybeans head for weekly gain on China demand, soymeal strength
BEIJING, Sept 18 (Reuters) — US soybean futures dipped on Friday but were headed for a weekly gain with Chinese demand in focus ahead of next week's meeting between Presidents Donald Trump and Xi Jinping and support from stronger soymeal prices. Wheat was on course for a small weekly rise as traders assessed shipment risks in the Black Sea region. Corn was on track for a weekly gain as well, partly supported by concerns over harvest delays in the Midwest. Fundamentals The most-active soybean contract on the Chicago Board of Trade (CBOT) slipped 0.04% to $13.19-1/4 a bushel by 0106 GMT, but was up 1.79% for the week. Wheat eased 0.03% to $7.26-3/4 a bushel but was up 0.17% for the week. Corn rose 0.24% to $5.31-3/4 a bushel and was up 0.33% for the week. US Treasury Secretary Scott Bessent said on Tuesday he planned to meet his Chinese counterpart this weekend. US Midwest soymeal supplies have tightened in recent weeks as soybean processors extended seasonal maintenance shutdowns, limiting soymeal and soyoil output, brokers said. The US Department of Agriculture reported net export sales of 325,900 metric tons of wheat, 1.03 million tons of corn, and 1.70 million tons of soybeans fo
BEIJING, Sept 18 (Reuters) — US soybean futures dipped on Friday but were headed for a weekly gain with Chinese demand in focus ahead of next week's meeting between Presidents Donald Trump and Xi Jinping and support from stronger soymeal prices. Wheat was on course for a small weekly rise as traders assessed shipment risks in the Black Sea region. Corn was on track for a weekly gain as well, partly supported by concerns over harvest delays in the Midwest. 79% for the week.
17% for the week. 33% for the week. US Treasury Secretary Scott Bessent said on Tuesday he planned to meet his Chinese counterpart this weekend. US Midwest soymeal supplies have tightened in recent weeks as soybean processors extended seasonal maintenance shutdowns, limiting soymeal and soyoil output, brokers said.
70 million tons of soybeans for the week ended September 10 - all within trade expectations. The International Grains Council raised its 2026/27 global wheat crop forecast by 3 million tons to 820 million, citing larger crops in Australia and Ukraine, but said trade flows remained slow amid Black Sea export disruptions. 301 billion. Rains in parts of the upper Midwest have slowed harvesting of corn, analysts said.
Several South Korean feedmakers purchased corn on the global export market, European traders said. Commodity funds were net buyers of CBOT soybean and soymeal futures, traders said on Thursday. com;)