The Market It was another week of falling oilseed prices. November soybeans dropped 1.6 percent, December soymeal lost 1.1 percent and December soyoil fell hardest, shaving off 6.3 percent. The market can be a paradox. Brazil is dominating the export market and yet the U.S. has tight supplies and an uncertain final yield for the current harvest. The steady but weaker futures market indicates a lean toward bearishness, but Michael Cordonnier of Soybean and Corn Advisor lowered his estimate of the average U.S. soybean yield by a half-bushel to 49 bushels/acre, a full 1.1 bushels below USDA. All eyes are on the October 12 WASDE report. This means the drift lower over the past several weeks faces upside risk.
USDA’s weekly Expor...
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...
