The Market The soy complex spent most of the week shedding value. July soymeal fell 2.89 percent, July soybeans lost 1.2 percent, and July soyoil gave up 0.37 percent. Prices must fall more. Brazilian soybean prices are low enough that U.S. importers purchased two cargoes (33,000 MT and 46,150 MT) with shipment in late April. Brazil soybeans are priced at around $2/bushel less than U.S. soybeans, which easily covers the cost of shipping. More purchases are expected though the total volume may not be huge.
Notably, speculators raised their net long position last week by 9 percent to 111,256 contracts. Export Sales Soybean sales continue dropping, down 73 percent last week, as Brazil owns the market. Meal and oil shipments a...
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...
