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 for the region in the past 25 years. Just 39 percent of Brazil’s safrinha corn was harvested as of Jul. [...]

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 resistance and the upper Bollinger Band around $2,450 but settled instead below the mid-July high of $2,430. The contract may [...]

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 estimated at 9.51 million head, down about 1,000 head from the May estimate. The 24-state number, representing about 95 percent [...]

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 24 cents per bushel on Thursday and Friday, with Sep-21 futures closing the week at $5.47 per bushel.S&D and fundamental [...]

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 area and sugar tonnage per hectare, 64.9 MT vs. 62.9 a year prior, have helped bolster sugar output. Sugar yield [...]

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 [...]

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