The bearishness continues as South America crops loom and Northern Hemisphere weather is stable. The impending flood of Argentine soymeal and soyoil onto the market sent the May soyoil contract to a new low.
There was nothing in today’s weekly USDA Export Sales report to alter the outlook. Wheat sales were down, as expected, and while down 2 percent year-on-year, they are above USDA’s trend forecast. New soybean and corn commitments were middling – though above the previous week. Per the above, buyers of meal and oil are expecting better pricing ahead.
Recent dampness in the Central and Southern Plains skipped the Southwest. Showers in the U.S. Northern Plains will be replaced by cold air. Canada&rsqu...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
