Weekly Recap
Soybean futures continued to edge lower on a weekly basis for a second consecutive week. Futures prices finished the week 5.25 cents per bushel lower for the July contract and 4.25 cents for August. Weekly price movement continues to be constrained by resistance at $8.50 per bushel. Optimism surrounding Chinese demand and slower than normal planting progress had been buoying values. Political saber rattling with China and improved planting conditions over the past week are offsetting some of the upward price pressure. Stronger than expected crush demand is also working to support soybean prices. Friday’s Commitment of Traders (COT) report showed managed money reduced long holdings while adding to short positions, moving from net long 32465 futures contracts to 12,064. Price…
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
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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...