The Market The market has been squeezed between lower export demand but rising palm oil prices, with the latter pushing soybean prices to the highest in over a month. Rapeseed futures have risen to a four-month high. Canola added 0.5 percent this week and Dalian soybeans added 2 percent. However, as palm oil began sliding late this week the soy complex went down with it. After challenging resistance on Thursday, May and November soybeans fell back on Friday. The May contract ended the week down 0.25 percent at 1195.25/bushel. May soyoil took the biggest hit, losing 2.95 percent and ending the week at 47.96/pound. By contrast, soymeal remains in the catbirds seat with the My contract adding 1.4 percent to end at 339.4/ST.
After watching...
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...
