Soybean and soybean meal values moved sharply lower last week, falling seven percent and nine percent respectively on the CME. Soybean values fell quickly from their recent highs, giving back two weeks of price gain as improved weather conditions in South America are causing traders to factor in better production forecasts. The stocks to use ratio remains low and should underpin prices to a certain extent moving forward. Prices are rebounding on Monday and volatility will likely continue as the Brazil harvest moves forward. Speculators reduced their long exposure with money managers selling over 14,000 long soybean contracts. Net overall long holdings were reduced nine percent.
Corn values also reversed course last week, falling six percent for both the March and May futures contract. Despite some bullish price news,…
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...