The Market In this holiday shortened trading week, November soybeans are up 23.5 cents (2.35 percent). The rally in prices has caused deliveries to increase against December futures. Futures have been rising but basis levels are weak, raising doubts about real demand.
December soymeal is up $13.50 (4.3 percent) but is now up against resistance levels.
December soyoil was up today but for the week thus far is down 0.84 cents (-4.3 percent). November canola are down 4.3 percent.
USDA’s Crop Progress report showed a larger than expected drop in quality. There was a 2-point drop in the share of soybeans rated good in quality, though the crop still gets high marks.
The USDA weekly Export Sales report for the...
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...
