The Market Although May soybeans ended a bearish week with a 15.25 cent gain, it could not erase the damage done. In total, the contract lost 48.25 cents for a close at 1428.25/bushel, the lowest weekly close in five months. It doesn’t help that China’s soybean prices are collapsing, falling to the equivalent of $15.90/bushel. China’s market is being pushed lower by impending Brazilian imports against a fear of more ASF in the hog herd. For the week, May soymeal lost $20.60 (-4.5 percent) and May soyoil gave up 4.32 cents (-7.2 percent).
There is tremendous pressure on the soybean market from Brazil’s huge harvest and heavy fund liquidation. Add to that the ongoing banking crisis, inflation, and geopolitical risk...
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...
