Cocoa futures markets looking for direction?
After a four-week low Tuesday, Jul-21 NY cocoa consolidated later in the week below its 20-day moving average, closing the week straddling Fibonacci retracement [...]
April nut shipments historically high
Net U.S. almond shipments were an April record at almost 250.0 million pounds, inshell equivalent, up 38 percent YOY but down about 6 percent [...]
April soybean crush well below expectations
NOPA crush during April was about 5 percent lower than the average of analyst expectations ahead of today’s report. Although down from last year’s [...]
Lack of water blamed for power outages across Ivory Coast
Government officials are blaming lack of rain and low reservoir levels used to feed hydroelectric power plants as the cause for rolling blackouts across [...]
Soybeans trickle down below $16 per bushel
Last week, the U.S. soybean crop was well ahead of average planting pace, at 61 percent planted vs. the 37 percent five-year average. Futures [...]
Nearby domestic #16 sugar sees new nine-year high
On Thursday, Jul-21 #16 domestic raw sugar futures closed at psychological resistance of 33.00, a contract high and the highest settle for a nearby [...]
Orange production estimates unchanged in May
In its May citrus report, USDA made no changes to estimated domestic orange production. Florida early-midseason orange production in 2020/21 is seen at 22.7 [...]
Palm oil stocks dwindle on higher use, lower imports
Disappearance of refined palm oil from stocks (an indicator of utilization) for use in edible processing totaled 224 million pounds in March, a pickup [...]