Soybeans Brazil The Brazilian market had some movement at the beginning of last week, but it then calmed down by Friday due to the news that China and the U.S. were setting a new date for trade war talks. There were good crush margins in China at the beginning of the week when the Dalian futures market opened, and it was possible to hedge Brazilian soybeans. Demand was basically for October and November shipments, which traded at 315X and 330X CNF, respectively. Those Chinese crush margins disappeared by the end of last week, though, with the news of the U.S.-China meeting, and basis quickly dropped in Brazil. November traded at 305X CNF, a 25-cent drop in basis. The political nature of soybean trading these days means trading houses are...
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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