The Market The market lost faith on Tuesday as soybeans lost double digits in the nearby futures contracts, supposedly over worries that exports were too slow with a Chinese pullback. However, by the time of Thursday’s USDA Export Sales report, all was fine, and more value was added to the complex than it had lost. For the week, November soybeans gained 11.75 cents and sit at 1395.50/bushel, December soymeal was up $6.80 to 417.90/ST, and December soyoil is up just over a penny at 71.50/pound.
Convergence is occurring in pricing as Brazil’s FOB rate is dropping and is now just under $600/MT at the same time U.S. FOB prices are working higher.
Export Sales Traders had high expectations of the volume of soybean...
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...
