The Market The switch in early August to more promising weather for U.S. soybeans has now turned back hot and dry with reasonable impacts on prices. For the week, November soybeans gained 2.5 percent, but December soymeal added 6.6 percent. Soyoil got left out of the small rally and declined 1.15 percent. Soymeal is likely to continue having fun as a byproduct of renewable diesel production, it will be priced to move on global markets.
Global oilseed prices rose in July and the Chicago December soybean contract is up over 3 percent at this point in August. Demand is stagnant but adverse U.S. production impacts are expected from a hot and dry summer. ICE canola prices are down despite stress in Canadian production areas. Sunoil pri...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
