The Market Soybeans hit a three-month peak last week, but profits were taken Monday and after that they could not fully recover. The January contract lost 3.75 cents (-0.25 percent), though at $14.80 they remain well above support at $14.30/bushel. Soymeal followed by losing $8.60 (-1.8 percent) but the contract is sitting at a 10-year high and will continue to face technical selling. By contrast, after two weeks of declines due to EPA’s bearish biofuel announcement, January soyoil netted a 3.35 cent (5.5 percent) gain this week. No matter, the oilseeds sector remains the more glamorous crop sector with tight stocks and a fun story to tell.
This is a market that remains torn between the prospect of a record soybean crop in B...
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...
