West African cocoa farmers hope for more rains as midcrop begins

In West Africa, growers are hoping that dry weather will be broken by some gains to bolster bean sizing and quality in the midcrop. A more prolonged dry period could threaten tree health and pod-setting for the new main crop. ICCO estimates 2019/20 production [...]

Corn futures rise on unfavorable Brazilian weather

On Tuesday, Apr. 26, most-active Jul-21 corn futures settled at $6.5450, down 3 cents from Monday’s contract-high and 41 cents below the nearby May-21 contract settle of $6.9550. Dryness in Brazil has been the main driver behind rising corn futures. Some in the industry [...]

Soybean & soybean oil markets explode higher

Futures for soybeans and soybean oil lifted off last week just like the SpaceX rocket that took flight Friday in Cape Canaveral. Soybeans rallied to $15.39 per bushel, up $1.06 from Monday to Friday’s close, and have increased $1.55 since Apr. 12. Equally as [...]

Argentine corn & soybean harvest lags historical average

As of Apr. 15, Argentina’s corn harvest was up just 2 points on the week to 14 percent harvested vs. a five-year average of 25 percent.  Argentine soybean harvest was up 4 points on the week to 7 percent harvested vs. a five-year average [...]

First-quarter cocoa grinds showing signs of green shoots

The past year has been tough on everyone, and the confectionery industry has been no exception. Global cocoa grind, a measurement of confectionery demand, contracted nearly 3 percent in 2020, with many traditional routes to market such as impulse purchases and food service disrupted [...]

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