Soybean oil at six-month lows

Futures activity Spot soybean oil futures broke 60 cents per pound for the first time since July 2022, closing last Friday at 59.06 cents. S&D and fundamental factors A USDA attaché pegs Argentina’s 2022/23 soybean crop at 36 MMT, down nearly 20 percent from [...]

Soy complex pressured by improved weather

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. [...]

South American corn & soybean planting begins

At the start of October, early-season corn planting in Brazil was about a third complete, slightly above the five-year average. Brazil’s soybean crop was some 4 percent planted, a couple of points above the average. Light to moderate rains and warm to hot temperatures [...]

Argentina might delay the removal of the soybean export tax

President Mauricio Macri promised during his campaign that he would get rid of all agricultural export taxes. As he took office, he did eliminate the corn and wheat export taxes while presenting a plan to phase out the soybean export tax. The new plan [...]

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