The Market The market is at the seasonal turning point. Brazilian soybean basis has turned negative relative to Chicago. March soymeal hit a contract high this week of $508.20/ST, the highest for the spot month contract since 2014. All 2022/23 soymeal contracts hit record highs, then reversed. The surge was prompted by heavy fund buying but it also signals the end of the bull run as Brazil takes over the export market. Brazilian soybean exports are up 362 percent in early February. The result for the week – March soybeans fell 0.8 percent, meal went down 1.8 percent, but soyoil was pulled higher by other oils and gained 2.5 percent.
It isn’t all singing the blues. The IGC lowered its estimate of global soybean production by...
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...
