Market Value A late week rally that pulled soybeans back above the 50-day moving average of $14/bushel was not enough to prevent an overall down week for complex. In fact, soybeans traded briefly yesterday at a one-month low. Factors influencing the market include:
Macroeconomic factors that vacillate levels of concern. China’s COVID lockdowns and relative demand. The strong U.S. dollar. Rising crude oil values. Argentina’s “soy dollar” loosening up soybean exports. Potential quality issues with Mississippi delta soybeans. Vladimir Putin threatening the duration of exports from Ukraine.
For the week, November soybeans were down 8.25 cents, December soymeal was down $7.00 and December soyoil was off 1.43...
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...
