World Perspectives
soy-oilseeds

Oilseed Highlights – Down She Goes

The Market The soy complex spent most of the week shedding value. July soymeal fell 2.89 percent, July soybeans lost 1.2 percent, and July soyoil gave up 0.37 percent. Prices must fall more. Brazilian soybean prices are low enough that U.S. importers purchased two cargoes (33,000 MT and 46,150 MT) with shipment in late April. Brazil soybeans are priced at around $2/bushel less than U.S. soybeans, which easily covers the cost of shipping. More purchases are expected though the total volume may not be huge. 

Notably, speculators raised their net long position last week by 9 percent to 111,256 contracts.  Export Sales Soybean sales continue dropping, down 73 percent last week, as Brazil owns the market. Meal and oil shipments a...

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Illuminating the value of technical research

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