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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]