A wet start to South American soybean harvest

As of last week, soybean harvest in Brazil’s Mato Grosso was just over 2 percent complete, down about 12 points YOY and almost 10 points below the five-year average. Rain is expected in Mato Grosso in the near term but should not hinder decent [...]

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 [...]

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