Corn futures traded sideways ahead of holiday

Futures activity Spot corn futures closed last week basically unchanged from their close Friday, May 20, at $7.77 per bushel. During the mid-week sell down, prices dipped to $7.65 per bushel before rallying it all back during trading on Friday. S&D and fundamental factors [...]

Update on world food trade policies & export bans

Following production and shipment exports stemming from the COVID-19 pandemic, some countries adopted restrictions or additional duties on exports of some food commodities. In 2022, poor weather and crops and the fallout of the Russian invasion of Ukraine have now prompted additional export bans, [...]

April soybean oil stocks a bit lower than expected

NOPA soybean crush and oil stocks figures for April came in below expectations. Ahead of the processor report, crush was anticipated to be around 172 million bushels, but several plants were down for maintenance, per Reuters, which contributed to crush being just under 170 [...]

Herd number reported unchanged—sort of—in May milk report

Somewhat surprisingly, the USDA May milk production report showed the herd was little changed from the prior month. In fact, while USDA adjusted the March milk cows figure slightly higher, it reported absolutely no change to the national herd or the dairy herd in [...]

Crude oil, Indonesian trade policy gyrations drive soybean oil prices

Futures activity Jul-22 soybean meal recovered nearly all losses from recent weeks to close at $429.90 per ST. The matching soybean oil contract closed below its week high to settle on May 23 at $0.8093 per pound. S&D and fundamental factors U.S. soybeans were [...]

Yerba mate, an herb from the gods into a drink in your hand

Yerba mate is native to parts of South America and has been historically linked to the Indigenous people of that continent. Often referred to as an herb “from the gods,” it was associated with warrior and nomadic lifestyles due to acting as a natural [...]

Update on California drought, snowpack, reservoirs

The 2021 water year was the second driest on record, and the state of California had been hoping for a wet winter. Rains and snows from January through March, however, were the lowest on record. As of Apr. 1, the state’s snowpack was just [...]

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