The Market It was another down week for the oilseeds complex. November soybeans lost 44 cents to a one month low, December soymeal is off $6.30 and December soyoil gave up 2.44 cents. Global vegetable oil markets are weak. Palm oil hit a three-month low at 3,657 ringgits/MT ($779.91) and canola is called oversold.
There is a confluence of negativities:
Harvest pressure. Large Brazilian old and new crops. Lagging U.S. exports (-34 percent). Argentina being price aggressive, selling at a 19.5 cent/pound discount to Chicago futures. Macroeconomic weakness. Imports of used vegetable oil for biodiesel. Ukraine exporting despite the war.
The IGC reduced its forecast for global soybean production in 2023/24 by 0.5...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
