Weekly Recap
Soybean futures edged lower on a weekly basis and have seen lower weekly closes in three of the past four weeks. Prices fell one fourth of a cent per bushel for the May contract and 2.75 cents for July. Concerns are surfacing regarding China’s desire to achieve Phase 1 purchase agreements. Friday’s Commitment of Traders (COT) report showed managed money moved from being net long holders of futures to net short. Speculators added 15,735 short future positions to move overall holdings to net short 2,864. Price resistance is seen at $8.49 vs support at $8.13. Futures prices are 49 cents per bushel below value seen at this time last month and down 31 cents per bushel during the past two weeks.
Soybean meal futures closed lower on a weekly basis for the fifth straight week…
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...