The Market There were notable price movements the past few days despite it being a holiday abbreviated trading week. November soybeans gained 37.25 cents in just the past two days and the July soybean contract added 15.25 cents for the week despite taking a sharp loss on Tuesday. Soyoil lost its key driver of rapidly expanding renewable diesel demand but added value this week on rising vegetable prices globally, and a jump in regular diesel prices. Soymeal shed value amidst ongoing concern in the pork and beef sectors.
This has been a generally firming week of trade, but speculators increased their net short position in soybeans by more than 100 percent to 10,960 contracts in the week to 30 May. USDA’s Drought Monitor shows...
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...
