South American weather improvement hung over the market all week, and though December's WASDE report reflected a dent imposed on Brazil's soybean crop by drought, USDA still sees more Brazilian soybeans than does its Brazilian counterpart. However, it was not taking down global soybean stocks as much as expected that solidified this week as a loss. January soybeans lost 21 cents, January meal gave up $8, and January soyoil dropped 1.25 cents.
Malaysian palm oil futures closed higher today, snapping a five-session losing streak as other vegetable oils saw some gains. Palm oil prices are at their lowest in a month. USDA’s weekly Export Sales report showed continued large commitments to take soybeans.
USDA’s soybean ex...
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...
