High Indian Soy Prices Driven By a Squeeze Caused by Few Traders On Tuesday I wrote about India's extremely high prices for soybeans, soymeal and soyoil. Since then, I have learned that the high prices are a result of a squeeze in the futures market by a crusher, few large traders and some farmers. Evidently this was done last year and the players made a good profit from it. This year a few more big players are going along. Most of the soybeans harvested last year have been marketed and crushed, but the remainder is being held by the traders and farmers to force prices upward.The Indian futures price for soymeal closed down by 0.87 percent today at the equivalent of about $642/MT. Soyoil futures closed at the equivalent of $1,256/MT (57...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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