The Market The market lost faith on Tuesday as soybeans lost double digits in the nearby futures contracts, supposedly over worries that exports were too slow with a Chinese pullback. However, by the time of Thursday’s USDA Export Sales report, all was fine, and more value was added to the complex than it had lost. For the week, November soybeans gained 11.75 cents and sit at 1395.50/bushel, December soymeal was up $6.80 to 417.90/ST, and December soyoil is up just over a penny at 71.50/pound.
Convergence is occurring in pricing as Brazil’s FOB rate is dropping and is now just under $600/MT at the same time U.S. FOB prices are working higher.
Export Sales Traders had high expectations of the volume of soybean...
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...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
