Weekly Recap
Soybean futures continued to move higher on a weekly basis for a second consecutive week. Price support comes from reduced yield expectations for the US soybean crop and damage to crops following the derecho wind storms. Soybean prices advanced four to six cents per bushel last week and rare up four percent over the past two weeks. Price resistance is seen at $9.25 versus support at $9.01. Friday’s closing price was two cents per bushel above values from a month ago and 35 cents over pricing two weeks back. The latest Commitment of Traders (COT) report showed managed money increased overall net long exposure 80,194 contracts. Long positions increased 46,168 while short positions declined 34,026 contracts.
Soybean meal futures did not move with soybeans but…
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...