The Market This week’s trading in the futures market reversed last week’s gains for November soybeans. The loss of 7.75 cents places the contract value at 1387.75/bushel, conveniently positioned smack dab in the middle between technical support and resistance. By contrast, this is two weeks in a row of gains for December soymeal, adding $6.80/ST last week and another $7.50 this week for a value of 425.4/ST. Soyoil looks like overall commodity futures: add a little here, subtract a little there, and end up in the same spot. December soyoil lost 0.29 cents this week to end at 71.79/pound. We still need to stay awake during this drag period because there will be, new and important market inputs.
First notice for Novembe...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
