Corn futures market flexes amid wild planting season

This past Wednesday, the Jul-19 corn futures contract pushed to a three-year high before showing resistance around $4.38. The market rally began on May 13, when futures opened at a 2019 low of $3.35 and have only declined in two trading days since. In [...]

Cocoa speculative bubble: Too much, too fast?

Fund buying has dominated the cocoa futures market the past two weeks, sending prices to their highest level in months. Fundamentally speaking, there does not seem to be enough fuel to have sparked the $200 rally and keen interest coming from the speculative community. [...]

Corn crop progress stays at record low, soybeans slow too

U.S. corn rose only 9 points from last week to 58 percent planted as of May 26. Current pace remains the slowest on record at 32 points behind the five-year average of 90 percent planted by this time. In Iowa, the corn crop was [...]

Record California almond production in the works

For the second year in a row, California almond growers are expected to set a production record. Currently, there are nearly 1.2 million bearing almond acres in California, with yield expected to be 2,140 pounds per acre. Together, these factors lead USDA to estimate [...]

U.S. PJC imports just 28.4 million liters in Q1 2019

Despite low, stable pricing for pineapple juice concentrate, U.S. imports remain weak overall, with January-March 2019 imports down 9 percent from Q1 2018. Q1 imports from our top three origins (Thailand, the Philippines, and Costa Rica) accounted for over 80 percent of total Q1 [...]