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 [...]
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. [...]
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 [...]
After rising by $20/bbl since the start of the year, crude oil prices retreated on May 23, likely due to profit-taking and squaring of positions by funds in the wake of mixed economic outlook factors. Previously announced cuts of production by OPEC of 1.2 [...]
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 [...]
The India Meteorological Department (IMD) reported that rain totals during the week ending May 15 were down 33 percent from average for all of India. Looking at some cane growing regions, rainfall in northwest, central, and south India was down 26 percent, 73 percent, [...]
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 [...]
Ghana saw a welcome increase in precipitation in the last ten days, mostly located in the coastal south and the northern regions, sprinkled elsewhere in the center of the country. Ivory Coast, however, has only seen a smattering of above-average rains, with most of [...]
