The Argentine soybean market was very active last week as four cargoes were traded, two CNF and two FOB. One full May shipment was traded at $0.98N CNF and another at -$0.02N FOB. Current demand in Argentina is being driven by a competitor's big basis rally. Soybeans Argentina The soybean market in Argentina was very active last week as four cargoes were traded, two CNF and two FOB. One full May shipment was traded at $0.98N and a 15 May–15 June shipment at $1.00N (freight $1.05/bushel) CNF China. On the FOB market, a full May cargo was traded at -$0.02N and a last half May-first-half June cargo at $0.10N. Argentina presently has demand due to the big Brazilian basis rally.Good weather last week greatly helped the harvest, which advanced...
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: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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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