The Market Tuesday was a rough day in the market and while the May soyoil contract lost a fraction on the week, both May soybeans and soymeal logged another week of gains. While Chicago soyoil sank, canola and palm oil had gains for the week.
The average soybean price in February was high enough to guarantee a crop insurance rate for the 2023/24 crop at 13.76/bushel, the second highest level in 12 years. Last year’s insured price floor was slightly higher at $14.33/bushel. Recall that the CFTC is slowly getting its Commitment of Traders report back going. The agency’s previous update had speculators raising their net-long position in soybeans by 29 percent to 135,314 contracts as of 31 January. Trade estimates i...
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...
