The Market On the one hand, soyoil rallied this week due to rising crude oil prices, and despite weakness in palm oil. The May soyoil contract added almost a penny or 1.9 percent. Soyoil has managed advances in five of the past six trading sessions. By contrast, this was a week in which soymeal took hits. The May contract ended the week down $6.60 or 1.9 percent. May soybeans lost 6.5 cents or 0.54 percent.
Weighing down the market is Brazil, with around 80 percent of its soybeans harvested and exports in March at 12.6 MMT. The U.S. export picture is mixed. On the one hand, USDA export inspections were bearish, and 1 March soybean stocks were the highest in many years. But Census tabulated soybean and soymeal exports looked good,...
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...
