The soybean market has been jostled this week, always by weather anomalies, second by a crop progress report that showed, well progress, and third, controversial trip to Taiwan by U.S. House Speaker Nancy Pelosi. Taking these issues one at a time: Weather conditions are sub-optimal, with more rain needed in western soybean growing areas, but it is not yet a disaster. As always, stay tuned. This past Monday’s USDA Crop Progress report showed a one-point increase in the share of soybeans rated good/excellent, and the share blooming is now just about normal. The percent setting pods is behind but, as the share blooming showed, can catch up quickly.
Finally, there is the Pelosi controversy. August is typically a big month when China m...
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...
