Soybean futures barchart data points to an inverse in old vs

Soybean futures barchart data points to an inverse in old vs. new crop prices, as November ’24 sits at $12. On Tuesday, NASS tallied 316 mbu of soybeans on hand as of September 1 via their Grain Stocks report. That was 9 mbu shy of the average trade guess of 325 mbu, as well as 14 mbu lower compared to the WASDE ending stocks estimate from earlier this month. That was also a 26 mbu reduction from last year.  Production from 2024/25 was raised by 8 mbu to 4.374 bbu. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. Volume reflects consolidated markets. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Fundamental data provided by Zacks and Morningstar . Latest soybean futures barchart readings reveal a 0.6% uptick in nearby contracts following stronger weekly export sales. Brazil’s logistical delays add upside risk.