The Market The soy complex lost value this week but the overall trend remains up. In fact, November soybeans almost moved over $14/bushel early this week. The contract remains well above major support at 1347/bushel. Demand is strong at the same time intense dry heat is threatening to push average yield below 50 bushels/acre, which would net the smallest soybean crop in four years. For the week, November soybeans lost 18.5 cents or 1.3 percent; December soymeal gave up $15.40 or 3.7 percent; and December soyoil lost a fraction (0.11 percent).
Soybean speculators increased their net long position by 109 percent to 53,949 contracts. Soyoil being used to make diesel fuel remains a key driver. The U.S. Department of Energy reported t...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
