The soy complex has been under broad pressure over the past week with soyoil leading to the downside charge on weaker energy and outside vegoil markets, combined with ample technical selling. The weakness in soyoil pulled the soybean crush sharply lower with soyoil’s share of the crush margin falling 1 percent. Still, the board crush remains well above year-ago levels, thanks to less costly soybeans and stronger soyoil.
The weekly Export Sales report showed YTD shipments of soybeans, soyoil, and soymeal remaining above year-ago levels (by massive volumes in the case of soyoil) despite weekly reductions in net export sales. Net sales for soybeans and soymeal dipped sharply from the prior week, likely due to the growing tariff un...
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...
