The Market The September USDA WASDE will be issued on Tuesday, 12 September and most analysts believe the agency will reduce the average soybean yield from the August estimate of 50.9 bushels/acre to 50.2 bushels/acre. However, analysts have a tough time guessing USDA’s September soybean numbers. Prepositioning ahead of the report, soybean values were cut less than one-half percent. Following a global shift lower for vegetable oils this week, the December soyoil contract was lowered by 4.4 percent. And observing gangbuster export sales in soymeal, the December contract gained almost a half percent. Soybean speculators reduced their net long position by 13 percent to 46,848 contracts.
Export sales are now shifting to the new market...
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...
