The Market The soybean market has been sliding heading into tomorrow USDA October WASDE report. The trade has positioned itself in the middle of the September trading range and is still positioned in a somewhat bullish position slightly above the 50-day trading average. The market has been trending lower the past ten sessions, but tomorrow’s WASDE will push this market definitively in one direction or another.
The soymeal market has been pushed the most and will ride whatever is said about soybeans and soyoil.
Like soybeans and soymeal, soyoil has slid lower this week but maintains more of the momentum. The support comes from palm oil with canola falling twice as much this week.
USDA’s Crop Progress r...
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...
