Futures activity

  • Soybean futures posted a strong rebound last week, with Sep-21 futures closing on Friday up by over $0.65, at $13.5925 per bushel. Nov-21 soybeans closed lower (but higher for the week) at $13.2325 per bushel.

S&D and fundamental factors

  • 2021/22 export sales have trickled in virtually every day since the beginning of August. Outstanding sales for the new crop currently total around 588 million bushels, already 29 percent of the 2.055 billion bushel estimate from USDA.

Weather, macro indicators, and news

  • New reports surfaced last Thursday that EPA will be recommending to retroactively lower biofuel blending mandates for 2020, per sources associated with Reuters. The report also indicates EPA will push for lower levels for 2021 but boost mandates in 2022. Nothing has been confirmed just yet.

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Source: 123rf.com
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.