The Market The January soybean contract closed out the week with an overall gain of 32.25 cents, the best of any grain crop contract, and is now priced at 1351.75/bushel, a new one month high. Support is coming from tight stocks and concerns about Brazilian weather and output. December soymeal was down slightly as the January contract gets pushed and was up $5.50 for the week to a new contract high of 432.50/ST. By contrast, December soyoil lost 2.91 cents for the week and January soyoil lost 2.35 cents.
Speculators had reduced their net short position in soybeans the week before and now they are net long by 7,834 contracts as of 31 October. USDA’s weekly Export Sales report showed new commitments at the lower end of market...
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...
