The Market Soybeans were already holding up well this week after hitting a five-month low at the end of last week and then today’s USDA reports hit the market. The market was surprised in two different ways to the upside: 1) farmers said they will plant the number of soybean acres USDA predicted weeks ago, and not increase the area as expected; and 2) there are fewer soybeans in stocks than expected, and 13 percent less than the same time a year ago. May soybeans shot upward by 31 cents and clinched a 77.25 cent gain for the week. It was also an enriching week for soymeal and soyoil.
Soybeans are not making the climb alone. After hitting a trough on 22 March at $720/MT, canola rebounded by about 7 percent this week and palm...
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...
