Some unfavorable weather for grain at home & abroad

Brazil’s 2020/21 safrinha crop saw another frost event, which may lower yields on late-maturing corn. China’s Henan province, which produces about 10 percent of the country’s corn crop, has seen excessive flooding this week with some crop and livestock losses likely. Weather models change [...]

China hesitates to ramp up new-crop soybean orders

The week ending Jul. 8 was mighty slow for soybean exports, thanks in part to the holiday. This marketing year continues to track 2014/15’s late-season pace very closely, and if July and August keep to the pattern, the final weeks of 2020/21 might add [...]

Cocoa: Big crops meet big grind in second quarter

Improved weather, with rains returning from mid-June to early July, has brought relief to farmers across Ivory Coast. Recent crop estimates now place cumulative arrivals in Ivory Coast approaching 2.25 MMT to 2.30 MMT (gross), and Ghana purchase figures are expected to top 900,000 [...]

Weather, edible oils supply will drive soybean futures

Futures activity Soybean futures rallied last week, driven by weather concerns and impact on yield. Aug-21 soybeans closed Friday at $14.5475 per bushel, up from $14.04 on Monday. Aug-21 soybean meal closed the week at $363.20 per short ton, and Aug-21 soybean oil settled [...]

Strong cocoa Q2 2021 grind rebounds in Europe & North America?

This week, ECA reported European Q2 2021 cocoa grind is at a record 356,854 MT, down 0.3 percent from Q1 grind of 357,815 but up 13.6 percent from Q2 2020 YOY. German Q2 grind had been reported at 93,064 MT of beans, up 18 [...]

NOAA’s August outlook features northern heat

NOAA’s August outlook calls for above-average rain in the eastern Grain Belt and average rain in most other areas. Below-average rain is expected in the western Dakotas and in western Nebraska as the drought continues. Above-average temperatures are forecast across the northern region and [...]

May tapioca starch imports were near record

Imports of clean-label (non-GMO) starches continue to trend higher despite a slow start to 2021 for most varieties. Imports of potato and tapioca starches together supplied 244,691 MT to the market in 2020: 132,740 MT of potato starch (up 14 percent year over year) [...]

Speculative funds liquidate half their cocoa positions

This past week’s CFTC report showed that funds had liquidated half of their remaining futures this past week, taking net positions to their lowest in nearly nine months. Abundant rains are improving the prospects for the upcoming West African main crops, and lower than [...]

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