Soybeans Argentina Chinese demand has been active in the South American FOB market due to the trade war, and premiums firmed up quite a bit in the past few weeks. However, basis dropped slightly last week as China was not active in Argentina. A cargo was traded at 72N for July early in the week, but demand was quiet by the weekend. Since the CME did not go up as much as the local market, FOB replacement went down to +57N a few days ago. In the FOB market, there are several sellers for June/July in the mid 60s with potential demand around +50N. 1,636,000 MT were loaded in May, up from 461,000 MT a year ago. Farmer selling reached about 900,000 MT last week with harvest completion at 94.7 percent.
Brazil Trading has been moving toward n...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
