The Market The Board continued its bearish trend over the past five days of trading, though at a shallower pace. November soybeans hit a new contract low today (1007/bushel) and over the past five days have dropped another 8.25 cents (-0.8 percent). Falling soybean values have sparked purchases by importers. In addition to better weather pointing to a record U.S. crop, Brazil starts planting its 2024/25 crop next month. Another record in South America is expected though locals believe it will be a relatively small increase due to smaller profit margins.
Soymeal has held up the best, down just 10-cents (-0.03 percent) over the past week.
The former darling soyoil saw a new December contract low this week (38.87/pound) and...
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...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
