The Market This was the fifth consecutive week of decline in soybean values. November soybeans lost 16 cents (-1.42 percent) to finish out the week at 1104/bushel. December soymeal was down $5.90 (-1.72 percent) for a contract value of 335.5/ST. December soyoil ended the week at 43.79/pound, a loss of 0.59 cents (-1.32 percent). Palm oil gained but ICE November canola lost 3.5 percent in value.
For the week, speculators increased their net short position in soybeans by 22.38 percent to 139,294. USDA’s Acreage and Quarterly Stocks reports were more a market mover for corn than for soybeans. Soybean planted acres came in a half-percent below the average pre-report estimates, meaning late planted corn acres were not swit...
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...
