Soybeans were higher overnight on follow through buying, down through the day on short term profit taking and funds selling, and finally finished with old crop just below unchanged and new crop just above. In the soy product markets, meal gave back all of Monday’s gains, while July soyoil marked the best close in over…
NASS reported a total US soybean crush rate for the month of March at 160 Mil Bu, or 7 Mil Bu (5%) over the NOPA crush figure that was released in mid April. Since NASS resumed the monthly crush report in 2015, NOPA has on average represented 94% of the total US crushing industry, and…
** It has been a mixed morning at the CBOT on continued strong volume trade. The corn market has declined as some cite the chance for drier weather and planting progress across the N Plains and the NW Midwest later this week and weekend. The bulls continue to tout the millions of acres of drown…
The estimated crush margin for imported beans “spot” delivery in China was -169 Yuan/MT today (see red line in chart below). This is down 83 Yuan/MT from a week ago. A month ago, spot crush margins fell to a 21-month low. Four months ago, the spot crush margin set a 2-year high. The crush margin for…
** AgResource Daily Cattle Analysis: Cattle futures closed mixed on Monday, and a steady outlook is offered for early trade this morning. Cattle contracts on Monday were steady to higher at the open, and traded to new highs early in the day, but were well under those highs at the close. June and August finished…
