As prices edge lower last week, hedge funds were lightening up some of their short position in futures and options, helping prices remain slightly above support levels. Short term price action is now all about the weather and the macro backdrop and how that effects the U.S. dollar.
Soybeans are in the ground with more than 91% planted, and now traders are focusing on the weather. Wet…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...