Argentine farmer selling of soybeans is under 50 percent for the present campaign. It is doubtful that any additional beans will be sold to China from September onward as prices need to decline too much in order to be competitive against U.S. origin. Some Demand for Old Crop Soybeans before the New Crop Although the old crop market was done, some cargoes were traded in the past week to China. Two were traded out of Brazil at +392 SU CNF North China, while another was traded FOB at +285 SU from Rio Grande. There was also some volume for similar positions out of the U.S. Gulf at a $0.15-0.18/bushel discount, while one cargo was traded from Argentina/Uruguay at +330 SX CNF. Nevertheless, demand is almost covered in China for Brazilian or Arg...
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...
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