Soybeans Argentina Chinese demand has been active in the South American FOB market due to the trade war, and premiums firmed up quite a bit in the past few weeks. However, basis dropped slightly last week as China was not active in Argentina. A cargo was traded at 72N for July early in the week, but demand was quiet by the weekend. Since the CME did not go up as much as the local market, FOB replacement went down to +57N a few days ago. In the FOB market, there are several sellers for June/July in the mid 60s with potential demand around +50N. 1,636,000 MT were loaded in May, up from 461,000 MT a year ago. Farmer selling reached about 900,000 MT last week with harvest completion at 94.7 percent.
Brazil Trading has been moving toward n...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
