The Market The switch in early August to more promising weather for U.S. soybeans has now turned back hot and dry with reasonable impacts on prices. For the week, November soybeans gained 2.5 percent, but December soymeal added 6.6 percent. Soyoil got left out of the small rally and declined 1.15 percent. Soymeal is likely to continue having fun as a byproduct of renewable diesel production, it will be priced to move on global markets.
Global oilseed prices rose in July and the Chicago December soybean contract is up over 3 percent at this point in August. Demand is stagnant but adverse U.S. production impacts are expected from a hot and dry summer. ICE canola prices are down despite stress in Canadian production areas. Sunoil pri...
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...
