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soy-oilseeds

Oilseed Highlights: Volatile Mood

The Market The trading week got started with the weather premium getting chopped down due to rains in Argentina. Those rains turned out to be good but not perfect. Then a robust export sales report on Thursday shot more adrenalin into the complex. However, by week’s end more rain is seen coming to South America at the same time supplies from Brazil are getting closer to launch. So, after a few hundred thousand trades going up and down and back and forth, the March soybean contract added 0.199 percent for a value of 1509.5 cents per bushel. Both March soymeal and March soyoil moved 2.1 percent, with meal moving higher to $473.5/ST, and oil dropping down to 60.62 cents/pound. Soybeans are still in a 1476-1548 trading range, but this w...

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