Corn rally continues

Typically, this time of year we see pressure on corn prices and seasonal lows from late August into early September. This has been especially true over the last four years. This year, we are seeing an August rally fueled by uncertainty over production, drier [...]

Soybean exports closing out August on high note

The U.S. exported 1.28 MMT of soybeans during the week of Aug. 20, the highest weekly volume since last December. The week’s shipments raised cumulative 2019/20 exports to 43.24 MMT (1.59 billion bushels). The season total seems poised to beat USDA’s current forecast of [...]

“Extremely dangerous” Hurricane Laura hits U.S. Gulf Coast

Hurricane Laura made landfall as a powerful Category 4 hurricane early Thursday morning in Louisiana with 150 mph winds and more than 9 feet of storm surge. The storm was moving north with speeds of 16 mph through northwest Louisiana at 10 am CT [...]

Sugarcane farmers brace for Hurricane Laura

Just a few weeks ahead of the 2020/21 harvest, sugarcane farmers in southern Louisiana and southeastern Texas are preparing for Hurricane Laura, expected to make landfall on Wednesday night. Louisiana’s main sugar growing regions will likely be east of the hurricane’s eyewall, potentially exposing [...]

Bearish milk production report & fears of schools reopening weigh on market

The August USDA Milk Production report showed an unexpected uptick in the herd, albeit by a nominal 2,000 head, enough to see milk volume up 1.5 percent YOY at 17.8 billion pounds. USDA also revised past statistics, lifting June by 59 million lbs, a [...]

Soybean futures reach seven-month high

Soybean futures last Monday closed 9 points higher at $9.12 per bushel, the highest price since Jan. 22. The rally was fueled by less-than-ideal weather forecasts and continued strong import sales for new-crop soybeans. Weather reports Monday were indicating 50 percent of usual rainfall [...]

World sugar futures climb to highest close since early March

Open interest in world sugar futures rose in the last six reported weeks to a four-month high. Total managed money pushed to a ten-week high last week after seeming range-bound since early June. Total managed money was up 7 percent from the previous month [...]

Halloween preppers thrill to early candy offerings

This year, Halloween falls on a Saturday, which usually engenders a comfy feeling for the confectionery industry. Saturday is clearly the best day for partying, tot-style and otherwise, and sales of candy and other fun stuff reflect higher participation. However, with efforts to contain [...]

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