The Market Drought in Brazil drove soybean prices higher and now rain in Brazil is driving the market lower. If it turns back dry as expected, then pricing will firm. For the week, soybeans lost 7.25 cents, but soymeal gained $1.60 to 436.50/ST. The January contract hit a new high on Wednesday at $460.60/ST. The largest percentage gainer across grain markets for the week was January soyoil, adding 0.66 cents to 51.21-cents/pound. The bullish NOPA crush report was the inspiration.
The CFTC reports that in the week up to 14 November, speculators increased their net long position by 48 percent to 59,077 contracts. USDA Export Sales report reflected the recent surge in Chinese soybean purchases. In fact, weekly U.S. soybean export sa...
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...
