Weekly Recap – Expected Rain Lowers Corn and Beans; Global Wheat Stock Reductions Buoy Wheat
Soybean futures moved lower on a weekly price basis for the second time in three weeks. The bullish run, which began during the week ending May 29 may have paused as soybean prices experienced fractional declines last week. Excessive heat was a concern heading into last week, but the forward outlook includes additional rain across the Midwest, which could help to boost crop conditions. Soybean prices declined 8.9 cents per bushel for the August and September contracts, pulling back from March highs. Price resistance is seen at $8.99 versus initial support at $8.80 followed by secondary support at $850. Futures prices finished the week 15 cents per bushel above values seen at this time last month and 27 cents over pricing two weeks…
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...