The Market The trading week was just four session long due to Monday’s holiday but it seemed more bearish than it turned out. March soybeans closed lower on three of the four days and still managed a net 1.75 cent gain. Soymeal remains well supported and advanced another $4 this week to 480/ST. Soyoil was another story as it was up two sessions, down two sessions, and lost -.43 cents on the week.
While Chicago soyoil sank, the Malaysian May palm oil contract hit 4,235 ringgits/MT ($0.43/pound), its highest price in seven weeks. They closed out this week at 4,202 ringgits/MT. Canola edged higher this week as well. Export Sales U.S. soybean export sales for 2022/23 were up 20 percent from the week before but down 18 pe...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural 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...
