People are also reading…
Keegan Madigan at Total Farm Marketing said, “Soybeans are trading lower again this morning, extending losses from yesterday as strong planting progress and ongoing trade uncertainty continue to weigh on the market.” The Hightower Report said, “Traders were disappointed yesterday that the EPA did not offer any biofuel guidance after approving summer E-15 sales and that weighed heavily on bean oil. The recent sharp rally in bean oil priced the U.S. out of the export market and the bull camp needed strong domestic demand to keep prices elevated and rumors are the administration will not be as friendly to veg oil feedstock as hoped.”