The Market The May soybean contract trade above $12 several times this week intrasession but could not hold that number at the daily close. Nonetheless, the close Friday at 1198.25/bushel was a 1.2 percent rise for the week. That is 6.1 percent above the February low of 1128.5/bushel. May soyoil climbed an impressive 7 percent to 49.42/pound but May soymeal dropped back 1.96 percent to 334.7/ST. Canola followed other oils and rose 2.4 percent on ICE futures to 630.8/MT. Export sales were lower and pushing the price too high prevents U.S. soybeans from competing with large impending South American crops. It is the large domestic crush that continues to undergird the market.
The slow rise in soybean prices prompted speculators to sh...
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...
