Global soybean market dynamics support futures

May-23 soybean futures closed at a high last week while Nov-23 soybean futures closed lower. May-23 soybean oil was down by less than 1 cent for the week. Brazil is said to have already sold 66 MMT of their record soybean harvest, the main [...]

USDA reports offer support to the soy complex

Soy complex futures rocketed higher last Friday via support from today’s USDA acreage and stocks reports. May-23 soybean futures climbed 31 cents and Nov-23 futures rose 16 cents. U.S. soybean stocks as of Mar. 1 were 1.685 billion bushels, lower than last year by [...]

Soy complex under pressure this week

Environmental and economic factors have continued to affect the soybean market. May-23 soybeans fell from their peak to close the week at about $0.70 above year-ago values, and soybean oil futures continued their multi-week slide. NOPA soybean crush was 165.4 million bushels in February, [...]

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