The Market Another week of gains for soybeans and soymeal, with soyoil taking it on the chin. After reducing their net long positions in March, speculators have been rebuilding them thus far in April. Soymeal options are also advancing. Palm oil futures were in a deep trough back on 24 March, firm exports and falling stocks coupled with rising petroleum prices produced a recent high on 4 April. They have been mostly descending ever since due to lower exports. This weakness spilled over into canola and expectations are that it could fall below C$700/MT.
Export Sales Last week’s export sales probably met expectations. Soybean sales were up from the previous week and above the previous four-week average. Soymeal sales are robu...
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...
