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