The Market The market has been squeezed between lower export demand but rising palm oil prices, with the latter pushing soybean prices to the highest in over a month. Rapeseed futures have risen to a four-month high. Canola added 0.5 percent this week and Dalian soybeans added 2 percent. However, as palm oil began sliding late this week the soy complex went down with it. After challenging resistance on Thursday, May and November soybeans fell back on Friday. The May contract ended the week down 0.25 percent at 1195.25/bushel. May soyoil took the biggest hit, losing 2.95 percent and ending the week at 47.96/pound. By contrast, soymeal remains in the catbirds seat with the My contract adding 1.4 percent to end at 339.4/ST.
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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...
