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SOYBEANS SURVIVED THE WASDE SHAKEOUT $ZS ๐ฟ
Soybeans held near 1,163โ1,167 cents after the April WASDE as USDA lifted crush demand by 35 million bushels to 2.61 billion, kept ending stocks unchanged at 350 million, and raised the season-average price to $10.30. Wheat lost the bid as U.S. ending stocks climbed to 938 million bushels and global stocks rose 6.2 million tons.
This reads like a relative-strength signal, not a broad grain breakout. Soybeans are getting supported by demand revision and energy-linked biofuel expectations, while wheat looks vulnerable once the stock data removed the squeeze narrative.
Not financial advice. Manage your risk.
#Soybeans #WASDE #Commodities #Grains #Agriculture
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Soybeans held near 1,163โ1,167 cents after the April WASDE as USDA lifted crush demand by 35 million bushels to 2.61 billion, kept ending stocks unchanged at 350 million, and raised the season-average price to $10.30. Wheat lost the bid as U.S. ending stocks climbed to 938 million bushels and global stocks rose 6.2 million tons.
This reads like a relative-strength signal, not a broad grain breakout. Soybeans are getting supported by demand revision and energy-linked biofuel expectations, while wheat looks vulnerable once the stock data removed the squeeze narrative.
Not financial advice. Manage your risk.
#Soybeans #WASDE #Commodities #Grains #Agriculture
โก
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