The Market Prices generally decline in August ahead of the harvest and that is generally true right now. November soybeans fell 3.5 percent this week and have fallen 6.4 percent since the 2023 high on 24 July. But there are also more price supportive factors than usual. December soymeal fell 1.9 percent this week and December soyoil dropped 1.4 percent.
USDA’s August WASDE report a week from today is unlikely to show much yield reduction. A StoneX survey reflects expectations of USDA lowering soybean yield from 52 to 50.5 bushels/acre and production falling 2.9 percent from July’s WASDE to 4.3 BBU. However, the trade tends to be on the low side of USDA for the August estimate, and even the trade’s numbers will me...
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...
