The Market Rains in South America provided overall downward pressure in oilseeds this week. At the same time, there is damage that has been done as the Buenos Aires Grain Exchange pegged the Argentine soybean crop at 12 percent Good/Excellent, a decline from 19 percent a week ago. There remains adequate U.S. domestic demand and persistent bull spreading in soymeal reveals strong commercial demand. Consequently, January soybeans wobbled but ended the week down just a penny (-0.068 percent), March soyoil gained 1.29 cents (2 percent) and March soymeal lost $8.90 (-1.9 percent).
Thus far in December, the spot contract for corn is up 0.7 percent while the spot soybean contract has risen 3 percent. This has made the gap closer for soybeans i...
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...
