Brazil’s corn farmers face yet another frost setback
Southern Brazil is expecting another frost event before August, the third such event in the past month, which has seen the worst stretch of weather [...]
Seven-day rally takes cocoa futures to two-week high
On Wednesday, Jul 28, nearby Sep-21 NY cocoa closed above retracement resistance near $2,400 and $2,410 after a seven-session rally. The contract briefly tested retracement [...]
June soybean crush hit two-year low
NOPA members reported crushing 152.4 million bushels of soybeans in June, the lowest monthly crush since June 2019 and down 9 percent from a year [...]
U.S. dairy herd plateaus & poised to fall
After steadily rising over the past 12 months, the nationwide herd may have peaked as flush ends. Total herd across the 50 states was [...]
Corn slides for quiet end to the week
Futures activitySep-21 corn futures hit $5.71 per bushel on Wednesday, based off continued dry weather outlooks in the Midwest. Prices then fizzled out and dropped [...]
Mexican sugar production up 8% in 2020/21 as season nears end
As of Jul. 17, Mexico’s 2020/21 sugar production reached 5.713 MMT, up 8 percent from production a year prior of 5.278 MMT. Higher harvest [...]
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 [...]
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 [...]