AgResource Farm Marketing Advice for Thursday: 1/ No new advice The Labor Department’s monthly Job Openings and Labor Turnover Survey showed that the number of job openings in March declined 4% from February to 9.59 Mil jobs. Compared to a year ago, the figure was down 20%. Excluding a 3-month period during the covid pandemic,…
Dryness persists Midwest U.S. with latest GFS forecast.
Temperature pattern change ahead for Midwest U.S. but absence of rainfall continues.
CBOT futures have traded both sides of unchanged with early Chinese pricing of soybeans helping to support a better than expected 8:30 AM CT opening. Fund short covering was noted on reopening on oversold technical conditions and the $1.75 bounce in the crude oil market. The macroeconomics of the Chinese and world economy are the…
Summary: As of May 30, China’s “spot” soybean crushing margin was 1 Yuan/MT, down 141 Yuan from the prior week. The “forward” margin was 31 yuan/MT, down 169 Yuan from the prior week. But the forward margin was 101 Yuan above what it was a year ago. Domestic soyoil’s price rose nearly 1% this past week. Domestic…
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