The Market The soy complex is on something of a rebound this week. A weather premium is finally being added as the outlook is hot and dry for August when plants in the U.S. Midwest are trying to set pods. U.S. new crop soybean export sales were impressive last week, and the combination has sparked short selling given the record short position built up by speculators. It was also reflected in the above average volume. Thus far this week, November soybeans are 43.5 cents (4.1 percent) higher.
Brazil had record soymeal exports in June and total old and new crop U.S. sales hit 779 KMT last week. This has sparked a $21.70 (7 percent) rally this week in the December soymeal contract. The jump in soymeal prices was larger because specula...
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...
