The soybean market has been jostled this week, always by weather anomalies, second by a crop progress report that showed, well progress, and third, controversial trip to Taiwan by U.S. House Speaker Nancy Pelosi. Taking these issues one at a time: Weather conditions are sub-optimal, with more rain needed in western soybean growing areas, but it is not yet a disaster. As always, stay tuned. This past Monday’s USDA Crop Progress report showed a one-point increase in the share of soybeans rated good/excellent, and the share blooming is now just about normal. The percent setting pods is behind but, as the share blooming showed, can catch up quickly.
Finally, there is the Pelosi controversy. August is typically a big month when China m...
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...
