The recent rally in soybean prices versus the possible record shorts in corn could encourage late planted acres previously planned for maize to switch over to the oilseed. Notably, 60 percent of the time over the past 15 years, soybean acres counted on 30 June exceeded the surveyed number in the March Prospective Plantings report. Soybean futures are rising now but on an indexed basis they are still the lowest in at least four years.
This gets reflected in cash prices, which are barely above five-year lows.
Basis normally narrows this time of year as stocks tighten ahead of new crop harvesting. U.S. soybean carryover will shrink sharply for the second year in a row and will be the lowest since 2016/17. This tightening in stocks is re...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
