The Market It was a holiday shortened week and volume was down as it included a shortened trading session today as well. Speculators are no doubt disappointed as they’ve been exiting long positions at the same time the market keeps climbing. January soybeans added 5¼ cents this week, or 0.6 percent. January soyoil tacked on 1.04 cents for a 1.6 percent advance, but January soymeal was down $4 despite impressive weekly export sales. CBOT speculators remain focused on COVID measures in China, risks to the global economy, and softening petroleum prices. Meanwhile, cash soybean bids, which is where the rubber meets the road, remain relatively high to futures prices.
Harvesting has not adversely impacted soybean pri...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
