Weekly Recap
Soybean futures edged higher on a weekly basis for a second consecutive week. Futures prices were up a penny per bushel for the July contract and 1.25 cents for August. Values closed on nearby price resistance at $8.50 per bushel. Optimism regarding China and the Phase 1 purchase agreement this morning appears to be pushing values higher. However, escalating tensions between the US and China could temper optimism. Planting progress is expected to have been strong over the prior week when the weekly crop progress report is released later today. Friday’s Commitment of Traders (COT) report showed managed money is leaning ta bit more bullish, adding nearly 5,000 long futures contracts and boosting their net long position to 8,908. Price resistance of $8.50 is currently being…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...