The Market Soybeans were already holding up well this week after hitting a five-month low at the end of last week and then today’s USDA reports hit the market. The market was surprised in two different ways to the upside: 1) farmers said they will plant the number of soybean acres USDA predicted weeks ago, and not increase the area as expected; and 2) there are fewer soybeans in stocks than expected, and 13 percent less than the same time a year ago. May soybeans shot upward by 31 cents and clinched a 77.25 cent gain for the week. It was also an enriching week for soymeal and soyoil.
Soybeans are not making the climb alone. After hitting a trough on 22 March at $720/MT, canola rebounded by about 7 percent this week and palm...
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...
