Soymeal Prices on the Rise Demand for soymeal and soyoil is robust, but the soybean supply is limited and slow. The government of India’s (GOI’s) first advance estimates in September 2017 put soybean production at 12.217 MMT. However, the trade’s estimate was much lower at 8.5-9.2 MMT. With farmers gradually releasing their stocks in the market, prices have tended to move up as they anticipated. This trend is reflected in the soymeal prices, which also continue to rise. Meanwhile, soyoil prices in the market have remained stable since imposition of the vegoil duty, and they are likely to remain so.
The trade also expects soybean prices to remain steady at current levels as stocks are sufficient and may not crea...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
