The markets have responded in recent weeks to the rollout of President Trump’s trade policy. Analysts are closely watching the action in recent days but warn that the events of the last couple of weeks likely have not been accounted for yet.
“I don’t think they’ve priced it fully in, and I will circle back around to the soy complex. We’ve had a very weak product market. The biofuel, sustainable aviation fuel bulls in soybean oil have been very disappointed. They have probably been pushed out of the market. There’s probably a sense that they’re going to come back in,” said Mike Zuzolo.
Zuzolo says any future action in the soy complex will largely depend on what the EPA decides with blending in the coming months.
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U.S. soybean transportation costs to China climbed 12% from a year earlier.
Paraguay could gain additional U.S. market access through a temporary tariff-free quota.
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Santa Teresa livestock port reopens September 24, restoring another cattle trade route from Mexico while maintaining new safeguards against New World screwworm.
