The Market After losing 18.25 cents last week, the July soybean contract lost an additional 29.75 cents this week. After seven straight losing sessions, July soybeans rebounded today by 15.5 cents. July soymeal went seven losing sessions before closing unchanged yesterday and adding $5.00/ST today. July soyoil has had only a slightly better losing streak. It was down 1.9 cents/pound this week after a smaller loss last week. Other vegetable oils have also turned southward in pricing.
Still, there are too many bearish pressures:
Brazil’s large crop is dominating export sales. A shortage of storage makes moving soybeans out more important. It has been a good start in planting the new U.S. soybean crop. Chinese soybean impo...
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...
