The Market Large flash export sales, the smallest U.S. soybean production in five years, and the lowest domestic stocks in eight years could not overcome the surprise that USDA revealed with its November WASDE report. Yesterday’s mid-session announcement of more soybeans and a larger carryout erased some of the price gains made in recent days. There was follow through in that direction in today’s trading before reversing and ending in the green. For the week, January soybeans lost 4.24 cents while December meal and oil gained $7.30 and 1.84 cents, respectively.
The trend remains up despite today’s sour mood. China is worried about the weather in Brazil and seeking coverage. Over the next week, up to 40 percent of the B...
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...
