November soybean futures continue to climb higher but were unable to maintain last night’s gap higher caused by increased geopolitical risk around the Black Sea.
Exports have generally suffered across the world, except in regions dominated by the Commonwealth of Independent States (CIS) led by Russia, and in China.
Soybeans were able to regain Wednesday’s losses following USDA’s bearish supply and demand data. Traders are seemingly shaking off the data and turning their focus toward late-July and August weather.
UN Secretary-General Guterres has proposed to Russian President Putin that he extend the Black Sea grain deal in exchange for connecting a subsidiary of Russia’s agricultural bank. . .
Three senators introduced the Voluntary Groundwater Conservation Act, aiming to provide family farmers and ranchers with more flexibility to protect groundwater resources while maintaining their agricultural lands.
Renewed wholesale strength seemed to trigger a fresh surge in hog futures, with today’s big gains projecting sustained cash market strength over the short run.
Chicken’s popularity has increased greatly due to its use in home cooking, processed foods and restaurants. The beef industry has struggled to rebrand and innovate.
