Futures activity Mar-22 soybeans closed last week at $15.9025 per bushel on Friday but not before touching a high of $17.65 per bushel on Thursday—a record high for a March soybean contract. Mar-22 soybean oil futures surpassed last year’s high, reaching $0.7472 in Thursday’s [...]
For the week ending Feb. 10, U.S. net weekly export sales were 820,041 MT (32.3 million bushels), down about 18 percent YOY. Outstanding sales were just under 24.2 MMT (952.7 million bushels), down 32 percent YOY. Top buyers for the week included Japan (600,200 [...]
NOPA members crushed 182.2 million bushels of soybeans last month, down 2 percent from December and down 1 percent year on year. Cumulative Sep-Jan 2021/22 NOPA crush rose to 885.9 million bushels, down just 1 percent from last season to date thanks to December’s [...]
Valentine’s Day must have fanned the flames of dairy bulls as the Fonterra Global Dairy Trade auction registered its third consecutive hike in prices. The Feb. 15 event saw prices rise across all product categories with a cumulative growth of 4.2 percent. Core products [...]
Futures activity We just closed another week with higher futures as the Mar-22 corn contract settled at $6.54 per bushel, up from a low of $6.38 per bushel last Tuesday. Meanwhile, the Dec-22 harvest contract is rapidly approaching $6, closing the week at $5.9775 [...]
In the last three weeks, nearby Mar-22 #11 world raw sugar has kept broadly above retracement support around 18.00 and 17.80 and resistance near 18.45 and 18.85. The lower Bollinger Band may offer support below 17.75, while further resistance may be seen around 19.00, [...]
Matcha tea is a Japanese beverage that has been used for hundreds of years in that country and more recently in Western coffee shops, as well. Traditionally, matcha is made by grinding leaves of the tea plant, Camellia sinensis, into fine powder, which is [...]
The U.S. imported over 416,000 MT (917 million pounds) of starch last year, up 15 percent from 2020, thanks to a notable rise in potato and tapioca starch volumes, both of which are “clean label” (non-GMO) ingredients. Potato starch remained the largest category of [...]
