The Market For the week, the July soybean contract fell 1.6 percent in value and is trading at 1160.5/bushel, its lowest level in three years. November soybeans ended the week at 1120/bushel, a loss of 2.5 percent. July soymeal is now at 361.8/ST, down 0.7 percent on the week. Soymeal remains the only component of the grain and oilseeds futures market that is trading above the 100-day average and is supported by speculators being net long. Soyoil gained 0.59 percent this week and is valued at 43.94/pound. Crush margins are still very positive.
There are three overhanging bearish factors for the soybean market: 1) Brazil’s soybean price dropped, indicating flooding is less of a concern. 2) A chance of rain in the extended for...
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...
