Soybean Production Projections Down

By: AgWeb.com Editors

U.S. oilseed production for 2011/12 is projected at 96.3 million tons, down 2.3 million tons from last month, with lower soybean production accounting for most of the change. Soybean production is projected at 3.225 billion bushels, down 60 million due to reduced harvested area.

 

Harvested area, estimated at 74.3 million acres in the June 30 Acreage report, is 1.4 million below the June projection. The soybean yield is projected at 43.4 bushels per acre, unchanged from last month. Soybean supplies are 40 million bushels below last month’s forecast as higher beginning stocks partly offset lower production. Exports for 2011/12 are reduced 25 million bushels to 1.495 billion reflecting lower U.S. supplies, increased supplies in South America this fall, and reduced global imports. U.S. soybean ending stocks are projected at 175 million bushels, down 15 million.

 

U.S. soybean exports for 2010/11 are projected at 1.52 billion bushels, down 20 million from last month in part reflecting lower projected imports for China. Soybean ending stocks for 2010/11 are projected at 200 million bushels, up 20 million.

 

The 2011/12 U.S. season-average soybean price is projected at a record $12.00 to $14.00 per bushel, down $1.00 on both ends of the range. Soybean meal prices are projected at $345 to $375 per short ton, down $30 on both ends of the range. Soybean oil prices are projected at 54 to 58 cents per pound, down 4 cents on both ends of the range.

 

Global oilseed production for 2011/12 is projected at 455.5 million tons, down 1.4 million from last month. Lower soybean, peanut, and rapeseed production estimates are only partly offset by increases for sunflowerseed. Global soybean production is projected at 261.5 million tons, down 1.3 million mostly due to lower production in the United States. Higher soybean production for Russia resulting from increased area partly offsets the U.S. reduction. Rapeseed production is reduced for Canada due to lower harvested area. Despite a record planted area estimate reported by Statistics Canada based on producer surveys conducted in late May and early June, much of the intended area in southeast Saskatchewan and southwest Manitoba did not get planted due to excessive moisture through late June. As a result, the Canada rapeseed crop is projected at 12.6 million tons, down 0.4 million from last month. Other changes include increased rapeseed production for Russia, increased sunflowerseed production for Russia and Ukraine, and reduced canola, cottonseed, and peanut production for the United States.

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Super Commodity Take Profit On Soybean Meal

Oggi Super Commodity ha chiuso con un ottimo guadagno il trade su Soybean Meal + $ 1460 / Contract, Risk / Reward 2.30. I risultati real-time di Super Commodity e di alcuni altri nostri trading systems sono a disposizione al seguente link: http://www.box.net/shared/5vajnzc4cp

Today Super Commodity closed with a great gain the trade on Soybean Meal + $ 1,460 / Contract, Risk / Reward 2.30. Real-time results of Super Commodity and our some other trading systems are available at the following link: http://www.box.net/shared/5vajnzc4cp


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Updates of Super Commodity Systems

SUPER COMMODITY OPEN TRADES
Soybean Meal - After a few days seems wants to break the trading-range with several divergences on daily chart.
Platinum - Nice trade, it is now on the first support. Here yowe can lightens the position.
Soybeans - The trade started well with several divergences on daily chart.

SUPER COMMODITY RECENTLY CLOSED TRADES
Gasoline - After a promising start the trade has been stopped at breakeven.
eMini Nasdaq -After closing with a good gain the previous long trade, the sell short reverse has been stopped with a small loss.

Two Sell Short Set-up With Very Low Risk

Due set-up di vendita con rischi contenuti su Soybeans e Soybean Meal, sulle cui chart giornaliere continuano le divergenze negative. Vendere sotto i minimi di mercoledì con rigido Stop Loss sopra il massimo di ieri. Cancellare gli ordini nel caso i prezzi salgano sopra il valore di Stop loss.


Two Sell Short set-up with very low risk on Soybeans and Soybean Meal, on which daily chart continue the negative divergence. Selling below Wednesday minimum with hard stop loss above the yesterday high. Cancel orders if prices rise above the value of stop loss.

Soybeans and Soybean Meal

Riportiamo i due grafici settimanali del Soybeans e del Soybean Meal, su cui ieri siamo entrati Short. Entrambe i mercati si trovavano alle prese con le rispettive resistenze ed il timing di ingresso si è rivelato corretto.

Here are two weekly charts of Soybeans and Soybean Meal, where we went short yesterday. Both markets were in contact with their strengths and the entry timing proved to be correct.

Soybean Meal

Dopo averci buttato fuori da un long trade per pochi ticks il Soybean Meal ci ripropone lo stesso trade a rialzo con i medesimi livelli di rischio. Rientrare sullo stesso trade subito dopo essere stati stoppati a volte risulta difficile, ma bisogna sforzarsi di rimettersi in gioco se il pattern è buono e con buone probabilità di successo.

After having thrown out from a long trade for a few ticks, the Soybean Meal repeats the same long trade with the same risk levels. Come again on the same trade, immediately after being thrown out, sometimes it is difficult, but we strive to do this if the pattern is good and with good chances of success.

Soybean Meal

Questa mattina vi segnalo una configurazione rialzista in via di completamento sul Soybean Meal. Inoltre, si sta completando un ciclo ribassista di breve periodo, non è perfetto ma segnala comunque un possibile esaurimento del movimento a ribasso in corso. Il Soybean Meal è appena uscito dalla zona Wave2 rialzista, e se vi dovesse rientrare suddetto pattern acquisirebbe ancor più valore.

This morning we mark a bullish configuration being completed on Soybean Meal. Moreover, it is completing a short-term bearish cycle, it is not perfect but still indicates a possible exhaustion of the downward movement in progress. The Soybean Meal has just left the bullish area Wave2, and should return to this area, the pattern would gain even more value.