The Market The January soybean contract managed to end the week higher after decent declines but settling at 1315.75/bushel still leaves it below the 100-day moving average of 1337/bushel. A key determinant is whether central-northern Brazil turns back wetter for the last half of December and January. Notably, with U.S. soybean ending stocks forecast at their lowest in eight years, prices are currently above $13/bushel for the remainder of the marketing year. For the week, January soymeal gained 90 cents and is valued at 405.6/ST, and January soyoil lost 0.21 cents and settled at 49.99/pound.
Speculators cut their net long position in soybeans by nearly 60 percent to 2,538 contracts. USDA’s weekly Export Sales report showed that...
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...
