The Market After hitting a four-year low last week, November soybeans reversed course this week, adding 25.75 cents (2.33 percent) to end at 1129.75/bushel. It was driven by strong demand in soyoil for renewable diesel, and possible trade retaliation by China against major palm oil supplier Indonesia. December soyoil added 4.91 cents (11.21 percent) to end the week at 48.7/pound. December soymeal failed to benefit, it lost $3.00 (-0.89 percent) to end the holiday shortened trading week at 332.5/ST. The Malaysian palm oil contract rebounded after a three-week decline, and canola was dragged higher with the January ICE contract adding 6.74 percent in value.
The CFTC’s Commitment of Traders report is delayed until Monday but sh...
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...
