Spot soybean futures rose 30 cents last week. New-crop soybean futures continued to hover near two-year lows. Soybean oil prices rose about 1.5 cents per pound last week. Argentina’s low soybean crop projections are falling further. Abandoned acres could be historically high, above 5 million [...]
Feed grains range from corn, sorghum, oats, barley, and rye, to millet with corn influencing the global outlook of total feed grains. The four major feed grains in the U.S. remain corn, sorghum, barley, and oats. USDA projected the planted area for sorghum in [...]
Global oilseed trade is forecast to increase 1 percent due to soybean import demand offsetting lower rapeseed and sunflower seed imports. Slowing economic growth in China and the EU, growing domestic oilseed production, and South America’s continuing expansion of soybean-planted farmland are likely to [...]
With the U.S. now at peak flush, dairy operations are in full swing as processing plants cope with the abundant milk supply across the country. With higher cow numbers in the national herd and YOY yield, there is approximately 1 percent more milk around [...]
Most-active Jul-23 FCOJ traded sideways in the last six sessions, consolidating between the 20-day moving average near 267.71 cents and retracement support above 264.40, closing May 4 at 266.75. RSI is neutral. MACD grew more bearish, while the stochastic grew less bearish, approaching a [...]
Jul-23 corn futures dropped significantly last week, settling Friday at the contract’s lowest value since October 2021. Futures settled below the lower Bollinger Band for the last three sessions. Last week’s decline partly reflected weak demand for U.S. corn in the global market. New-crop Dec-23 [...]
Jul-23 NY cocoa moved lower from May 1 through May 3, breaking prior support around the 20-day moving average and retracement support to settle at $2,870. The Sep-23 contract closed at $2,881, testing the 20-day average May 3 but falling to hold above support [...]
U.S. soybean exports for the week of Apr. 27 picked up by 24 percent from the previous week, putting accumulated shipments at 47.1 MMT (1.7 billion bushels). Weekly net export sales dropped to 289,730 MT. This year saw the lowest net export sales figures [...]
