The Market On the one hand, soyoil rallied this week due to rising crude oil prices, and despite weakness in palm oil. The May soyoil contract added almost a penny or 1.9 percent. Soyoil has managed advances in five of the past six trading sessions. By contrast, this was a week in which soymeal took hits. The May contract ended the week down $6.60 or 1.9 percent. May soybeans lost 6.5 cents or 0.54 percent.
Weighing down the market is Brazil, with around 80 percent of its soybeans harvested and exports in March at 12.6 MMT. The U.S. export picture is mixed. On the one hand, USDA export inspections were bearish, and 1 March soybean stocks were the highest in many years. But Census tabulated soybean and soymeal exports looked good,...
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...
