The Market It was a tough week for soybeans, which must have seen a dead cat bounce last week because this week peeled back the July contract by 46.5 cents and sent it back below $14 for the first time in a long while. There was even more ignominy for soyoil, with the July contract marking a new contract low (49₵/pound intrasession) and losing 8.8 percent for the week. Soyoil got beat down each and every day this week. Only soymeal ended in the black for this second week in May, adding $6.80 to July and closing at 432.9/ST.
Speculators again cut their net long positions, this time by 9,847 contracts, down to 27,027 contracts. USDA’s May WASDE was released today, and it sees U.S. soybean exports dipping, plus domestic and gl...
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...
