Soybeans Market Overview The market was slow in Brazil last week with some action at the beginning on the week when China secured 5-6 vessels for October and November shipment. Later on, there were rumors of a potential agreement, or at least positive meetings between the U.S. and China, on the ongoing trade war. That stopped all demand for Chinese buyers. China purchased some PNW vessels on Monday for October and November shipments, which again stopped all demand for Brazilian soybeans. On the other hand, Brazil is not competitive to any destination other than China, so its exporters need to wait for the Asian giant to resume purchases. Trading houses were slightly long, and most took the chance to sell their position...
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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