Futures activity

  • Spot soybean oil fell to just under 62 cents per pound Friday, hitting six-month lows.

S&D and fundamental factors

  • The Rosario Exchange cut Argentina’s soybean crop all the way to 37 MMT—well below USDA’s estimate of 45.5 MMT in the January WASDE. Only 4 percent of the crop is rated good to excellent.

Weather, macro indicators, and news

  • Better rain chances for Argentina and Brazil forecast for the next two weeks seemed to pressure grains on Friday; parts of Argentina may receive up to 5 inches of rain.

IQ subscribers, log in to read more.

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.