Concerns over Brazil impact soybean market
Soybean oil futures bounced around 50 cents per pound last week in relatively tame trading. The market seems reluctant to stay under 50 cents per [...]
September WASDE shows increase in corn acreage
Corn outlook The 2023/24 U.S. corn outlook is for greater production at 15.1 billion bushels due to an increase in harvested area offsetting a [...]
U.S. weekly soybean exports to China pick up slightly
Soybean exports for the first week of July continued to pick up by 27.3 percent from the previous week, putting accumulated shipments at 49.7 [...]
NOPA shows tighter soybean oil stocks
The spot soybean contract, Aug-23, climbed by almost $0.20 per bushel the week of Jul. 17 to close at $15.01 per bushel. Nov-23 closed [...]
Questions surrounding U.S. soybean production potential for 2023/24 remain
Soybean futures contracts continue to show an enormous amount of volatility. After rallying by nearly $1 per bushel on the last week of June’s surprise [...]
China’s share of U.S. weekly soybean exports declines to 1.2%
Soybean exports for the week of May 25 slowed slightly by 20 percent from the previous week, putting accumulated shipments at 48.1 MMT (1.8 [...]
Soy complex rallies from weather concerns
Spot soybean oil (Jul-23 futures) continued to rally, up nearly 14 cents over the last two weeks. Nov-23 soybean futures are up $1.38 per [...]
USDA debuts 2023/24 world oilseed forecasts
Global oilseed trade is forecast to increase 1 percent due to soybean import demand offsetting lower rapeseed and sunflower seed imports. Slowing economic growth [...]