8/19/26 Money Chasing Long Soybeans Again

08/19/2026 Click Above to Watch the Morning Market Talk Video Money Chasing Long Soybeans Again On the Grains: Soybeans rallied sharply overnight but haven’t taken out Tuesday’s intraday highs yet. If that happens, a new wave of buying could be unveiled. Aside from Crop Tour results, traders are monitoring Chinese demand as USDA announced another daily new-crop sale of two cargoes on Tuesday. The question now becomes will Chinese buying continue with November futures back well above $12? Remember… China’s state-owned firms don’t care nearly as much about price as commercial firms. Soybeans being purchased now are going into state reserves and will be auctioned at a later date – a year or more from now. What seems pricey now may be cheap when the soybeans are eventually sold onto the Chinese domestic market down the road. Of course, the flip could be the case, too. Corn futures are modestly higher this morning, following soybeans. Wheat markets are mostly lower, though SRW contracts are trying to firm. Day 2 Pro Farmer Crop Tour Results: Rinse and Repeat from Day 1 Pro Farmer released results from Day 2 of Crop Tour for Indiana and Nebraska on Tuesday evening. It was basically…