The Market After hitting a four-year low last week, November soybeans reversed course this week, adding 25.75 cents (2.33 percent) to end at 1129.75/bushel. It was driven by strong demand in soyoil for renewable diesel, and possible trade retaliation by China against major palm oil supplier Indonesia. December soyoil added 4.91 cents (11.21 percent) to end the week at 48.7/pound. December soymeal failed to benefit, it lost $3.00 (-0.89 percent) to end the holiday shortened trading week at 332.5/ST. The Malaysian palm oil contract rebounded after a three-week decline, and canola was dragged higher with the January ICE contract adding 6.74 percent in value.
The CFTC’s Commitment of Traders report is delayed until Monday but 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...
