Interior US crude-degummed soybean oil basis weakens slightly
In the US interior, cash basis levels on crude-degummed and refined, bleached and deodorized (RBD) soybean oil remained very...
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La Niña drought to affect Argentine crops, put pressure on beef, hide markets
Argentina
Argentina’s farmers are concerned with mounting challenges as a La Niña weather pattern returns to start the year 2025, bringing dry conditions that threaten soybean and corn crops, according to market participants.
After a devastating drought in 2022-23 slashed soy harvests to record lows, growers are again contending with insufficient soil moisture and urgent calls for rain. With critical rainfall needed in January and February 2025, weather forecasts predict below-average precipita...
