The Market The oilseeds market remains bearish as South American crops progress more favorably and Chicago futures face a large American crop that is over-priced. There was a bounce-back on Friday after soybeans were oversold based on USDA’s Thursday Outlook report (see below); palm oil fell 2 percent and dragged other vegetable oils along for the fall, and the March soymeal contract hit a new contract low this week of 339/ST.
USDA’s annual Outlook Conference revealed some tweaks to the agency’s view of the upcoming crop season. Some of the standout changes include an increase in beginning stocks, higher production, a huge jump in carryover and thus stocks-to-use, and the requisite drop in prices. While USDA fore...
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...
