Soybean exports rise ahead of shift to South American market

The U.S. exported a robust 2.38 MMT of soybeans during the week ending Jan. 14, including 1.35 MMT destined for China. Export pace did not fall off much during the holidays, and last week’s shipments were notably strong for this time of year. Net [...]

Corn market corrects on better weather in SA, speculative selling

Last week brought a market correction to corn futures, culminating with Friday’s significant sell down. Mar-21 corn futures closed the week just above the psychological level of $5 per bushel. Fundamentally, arguably the only bearish news last week was better weather in South America, [...]

Global dairy strength propping up domestic market

In Fonterra Global Dairy Trade online auction events of the last two months, prices for dairy products have surged just over 16 percent. Last week’s event was no exception, with prices advancing up an impressive 4.8 percent overall. Category leaders included anhydrous milkfat (up [...]

Almond shipments down month to month

Net U.S. almond shipments in December were about 256.9 million pounds, shelled and in-shell, down over 2 percent from November but up nearly 25 percent from December 2019. Exports of 196.1 million pounds were up 32 percent YOY and accounted for just over three-quarters [...]

Q4 cocoa grind yield mixed result so far

A few weeks into 2021, we have seen the first grind results of Q4 2020. This figure corresponds to first quarter of the 2021 October-September crop year. Matching expectations, Malaysian grind fell a nominal 2.5 percent in Q4 2020 to 87,163 MT down slightly [...]

Soybeans correct after soaring higher on bullish WASDE

Last week was interesting for the soy complex as prices rallied before correcting a bit on Friday. A bullish WASDE report sent soy complex futures to new highs with the Mar-21 contract surpassing $14 per bushel for the first time since 2014. Likewise, soybean [...]

Cocoa bean Q4 2020 grind up YOY for North America, down in Asia

For Q4 2020, North American cocoa grind was reported this week at 118,043 MT of beans, flat from the previous quarter but up a strong 7 percent from Q4 2020 grind of 110,371 MT. The trade sees this report as encouragingly bullish for the [...]

NY & London cocoa showing short-term range-bound trading

After trading in heady heights in late November above $2,700, Mar-21 NY cocoa returned to a $200 range from $2,460 to $2,660 through most of December and into early January. Save for a modest runup in late December, the contract has continued to find [...]

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