Futures activity

  • Sep-22 soybean futures were volatile last week but closed at $14.8875 per bushel. Dec-22 closed at $14.04 per bushel.

S&D and fundamental factors

  • NOPA soybean crush was 170.22 million bushels, up 9.7 percent YOY and 3.4 percent from the month prior. Oil stocks were 1.684 billion pounds, below analyst expectations.

Weather, macro indicators, and news

  • Weather is arguably the most consistent market driver currently. Although weather in the U.S. has moderated a bit in the last week, dry conditions (and full drought) in Europe and China still threaten corn and oilseed yields. Another consequence of the weather is high energy usage in a strong energy market, which could ultimately pressure economic activity.

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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.