Weekly Recap
Soybean futures closed lower on a weekly price basis for a second consecutive week. Selling pressure accelerated on stronger yield expectations. Soybean prices declined 24.5 cents per bushel for September and 25 cents for the November futures contract. Price resistance is seen at $9.01 versus support at $8.50. Friday’s soybean future price was 20 cents per bushel below values from a month ago and 33 cents below pricing two weeks ago. The latest Commitment of Traders (COT) report showed managed money reduced overall net long exposure 29 percent. Long positions were trimmed 14,486 contracts while short positions increased 3,456 contracts. Net long exposure declined from 62,161 contracts to 44,219.
Soybean meal futures fell over three percent in value from the…
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...