The Market The January soybean contract managed to end the week higher after decent declines but settling at 1315.75/bushel still leaves it below the 100-day moving average of 1337/bushel. A key determinant is whether central-northern Brazil turns back wetter for the last half of December and January. Notably, with U.S. soybean ending stocks forecast at their lowest in eight years, prices are currently above $13/bushel for the remainder of the marketing year. For the week, January soymeal gained 90 cents and is valued at 405.6/ST, and January soyoil lost 0.21 cents and settled at 49.99/pound.
Speculators cut their net long position in soybeans by nearly 60 percent to 2,538 contracts. USDA’s weekly Export Sales report showed that...
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...
