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 [...]
Weekly corn exports at one-month low
For the week ending May 12, U.S. weekly corn exports were just under 1.4 MMT (55.1 million bushels), a one-month low and down 38 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]