Will funds continue to liquidate soybean commitments?
Holiday weeks and the end of the year in general are notorious for volatility and fewer market participants. Those factors are likely behind the [...]
Price of Thanksgiving meal down 5.8%
In the U.S., the nongovernmental American Farm Bureau Federation reports that a meal for ten would cost about $46.90 at the grocery store (not [...]
World food prices up 6.5%
FAO’s Food Price Index (FPI) for October was up 3.1 percent from the previous month. Year on year, the October FPI was up 6.5 [...]
Corn rallies on demand, weather
In the week after the November WASDE, we saw corn inch up and close the week up 13 cents, rising from $4.10 to $4.23 [...]
Milk production coming on strong
Normally, late fall is the lowest period of milk output for dairy farmers during the year as cows hit their seasonal yield drop. So, [...]
NY cocoa rallies from below the 20-day moving average to seven-week high
After reaching a three-month low at the start of November, Mar-21 NY cocoa pushed higher, finding resistance last week near $2,365 (Fibonacci retracement) and [...]
Corn gets pulled up by bullish soybean market
On Tuesday, Nov. 17, most-active Mar-21 corn futures settled at $4.2675, about 4.3 cents below the recent contract-high and 6.5 cents above the nearby [...]
Soybean oil stocks rise slightly despite record-smashing October crush
NOPA members reported crushing 185.2 million bushels of soybeans in October, up 15 percent from September, up 6 percent year over year, and beating [...]