Soybean Oil Commodity Markets, Prices & Futures
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Latest News From Soybean Markets
USDA made a historic move with its May 12 World Agricultural Supply and Demand Estimates report, by dropping the national corn yield below trendline.
Crop insurance premiums could skyrocket as climate change intensifies. . .
“Right now, Ukraine’s grain silos are full,” says David Beasley, executive director of the World Food Programme. “At the same time, 44 million people around the world are marching towards starvation.”
China’s ag ministry expects the country’s corn acreage to decline 1.9% . . .
Brazil’s soybean crop is expected to jump nearly 20% . . .
China’s producer price index (PPI) eased to a 12-month low of 8.0% above year-ago in April.
The Surface Transportation Board (STB) implemented new rules for some of the largest railroads after customers said train backlogs have hampered their operations, the agency said.
Asked why crops like soybeans would require subsidies into next year, Bronaugh said prices could dip in the next year — even though ag economists expect prices to remain high through 2023.
Ukraine has sown about 7 million hectares of spring crops so far this year, 25% to 30% less than in the corresponding period in 2021, according to the country’s ag minister.
Slow planting, inflation, next week’s USDA reports and more are impacting the markets. Jerry Gulke shares his outlook.