Markets Energized by Temporary US-China Tariff Ceasefire Amid Strong Soy Production
Soybean markets kicked off Monday positively, driven by robust global production and a favorable USDA report. Soybean disposals from the top six supplying countries surged 10% year-over-year in March-April, benefiting U.S. crushers due to South America's muted crushing recovery. Record South American crops, especially Brazil at 169 million tons and Argentina revised up to 50 million tons, bolster supplies significantly.
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