World Perspectives
soy-oilseeds

Oilseed Highlights – Down Trend or Bottom?

The Market The May soybean contract experienced its lowest close of 2023 today. At 1476.5, it is now below the 100-day moving average. With a record number of speculative longs pouring into May soymeal futures, it was vulnerable to a pullback and that is what happened this week. It lost $19.90/ST. May soyoil held onto a net gain this week of .85 cents and is valued at 57.46/pound, but some believe it will climb further. There are always diverse viewpoints but it is particularly true this time of year.  The CFTC again delayed its usual Friday issuance of the Commitment of Traders report. However, noncommercial speculators remained net long in soybeans as of 7 March. Noncommercial net-longs in soymeal were record large, which likely...

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Summary of Futures

Jul 25 Corn closed at $4.475/bushel, down $0.0175 from yesterday's close.  Jul 25 Wheat closed at $5.2925/bushel, down $0.05 from yesterday's close.  Jul 25 Soybeans closed at $10.45/bushel, up $0.0575 from yesterday's close.  Jul 25 Soymeal closed at $294.7/short ton, down $0.3...

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The U.S. beef cow herd stabilized somewhat in 2024. The average culling rate was 10.5 percent, but with a beef cow herd of 28 million, the cull rate would have to be around 9 percent – or less – and heifer retention must increase in order to enter into an expansion phase.  ...

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Market Commentary: Trade Deal, Retaliation List, Mixed Outcomes

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Livestock Roundup: North American Beef and Pork Forecast

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soy-oilseeds

Oilseed Highlights: Markets Turn Lower on Growing Supply Expectations

The Market  Soybean futures have mostly traded sideways over the past two weeks with trade policy uncertainty, favorable weather for the U.S. and South America, and as-expected export volumes minimizing the need for a major move. Soyoil has pulled back sharply amid weakness in crude oil an...

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