Export sales and shipments of 2020/21 soybeans were both on the low side the week of Mar. 18. Sales were offset by 152,500 MT of reductions for unknown destinations, a slightly higher level of cancellations than we saw over the previous couple weeks. Exports [...]
The strong end to the 2019/20 soybean oil exports marketing year may have left the market a little tuckered out—or, perhaps, sufficiently supplied—and we’ve seen less shipping activity so far in 2020/21 compared to the last couple seasons. With this year barely started, however, [...]
A week that started with a post-WASDE sell-down found support in weather concerns and renewed Chinese buying of soybeans. The soy complex seems set to remain the overall market leader for grain/oilseed futures in months ahead due to a tight U.S. balance sheet and [...]
