Energy markets, South American weather supporting soy complex futures

Futures activity The Mar-22 soybean meal and oil contracts closed last week at $411.20 per short ton and $0.6527 per pound, respectively. Soybean meal is nearly identical to where it started the year while soybean oil futures are higher by almost $0.10 per pound [...]

FDA approves testing CBD for use in opioid addiction treatment

Earlier this month, FDA gave the green light for human testing of CBD for opioid addiction treatment, a step further for the industry. Since part of addiction treatment is the reduction of craving, CBD will be tested in its ability to lessen the craving [...]

Mexico sugar pricing up nominally as sugarcane campaign slows

In the week of Jan. 17, reference prices for Mexican sugar appreciated marginally, up 0.3 percent for estandar and 0.7 percent for refined. Pricing remains down from elevated levels a year ago. Source: SNIIM, McKeany-Flavell After depreciating against the dollar in late November, the [...]

December soybean oil stocks surpassed 2.0 billion pounds

December soybean crush set a new record: NOPA members crushed an all-time high 186.4 million bushels last month, up from 179.5 million bushels in November and up 2 percent from December 2020. USDA’s most recent soybean oil consumption data is for November and shows [...]

Are dairy prices reaching a point of exhaustion?

Calendar 2022 began with an aura of fear and panic among buyers trying to navigate the dairy market and rapidly escalating prices. The market has witnessed a bull rally the likes of which has not been seen in years as prices of all classes [...]

Corn market: Geopolitics overshadow improving South American weather

Futures activity Showing additional strength, Mar-22 corn futures closed last week at $6.16 per bushel, up nearly $0.17 per bushel from last Monday. Dec-22 futures closed at $5.65 per bushel, up $0.07 per bushel or 1.3 percent over the week. S&D and fundamental factors [...]

Corn exports climb to three-week high

For the week ending Jan. 6, U.S. corn exports were a three-week high near 1.0 MMT (39.8 million bushels). Cumulative 2021/22 exports rose to nearly 15.7 MMT (616.7 million bushels), down some 6 percent YOY. Weekly corn export sales were 457,675 MT (18.0 million [...]

Strong gains across the board likely for cocoa bean grind use

Industry associations have reported Q4-2022 grind for the world’s top-two cocoa demand regions, Europe and Asia. Both regions saw a strong recovery in Q4 and in the entirety of calendar 2021. ECA reported European Q4 crush at 365,826 MT, up a strong 6.3 percent [...]

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