Futures Market While today’s trading session was a bit of a recovery it still left the week with overall declines for soybeans and soy products. A lot of it is due to spillover effects from macro markets focused on the potential of the Fed pushing the country into a recession to kill inflation. Soy traders are specifically watching China and its relative demand. However, China remains active in the market, buying 167 KMT of U.S. soybeans this week and likely was involved in 396 KMT in sales listed to unknown.
Export Sales We would know more except FAS botched the changeover to a new Export Sales reporting system and the market is in the dark until later this month. Some note the irony that it is about the only report USDA issues...
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...
