Soybeans Market Overview There was significant movement in Brazil’s market last week, both on spot positions as well as new crop positions. The trade war intensified last week, with President Trump tweeting that China is losing the trade war. By the end of the week, China imposed additional tariffs on U.S. products, which effectively raised the tariffs on U.S. soybeans from 25 to 35 percent. That announcement, however, really doesn’t change the market as trade between the U.S. and China was already stopped for soybeans. China still needs to ship its purchased soybeans, which now will face an additional import tax. This should not affect American exporters are their contracts should be honored. In any case, s...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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Illuminating the value of technical research
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