Corn market quieter last week

Futures activity Sep-22 corn futures ended last week close to where they started, closing at $6.1025 per bushel. Dec-22 futures were up a mere quarter of a cent from the start of last week, closing at an even $6.10 per bushel. S&D and fundamental factors [...]

Cocoa futures correct lower midweek

Last week, Sep-22 NY cocoa failed tests of the upper Bollinger Band and resistance near $2,400, instead falling below the 20-day average but finding retracement support below $2,320. The contract tested a minor rebound back above the 20-day average earlier this week but instead fell [...]

Heavy reductions in old-crop soybean export sales

Net 2021/22 soybean export sales have been negative for four of the last five weeks, lowering total commitments to 2.188 billion bushels as of Jul. 21, compared to 2.211 billion as of Jun. 16. USDA may trim projected exports in the August WASDE. Lower prices [...]

USDA makes big dairy adjustment, erasing 25% of estimated herd deficit

Although USDA typically tweaks the previous month’s dairy herd statistics, the most recent milk production figures released in July saw a much bigger adjustment. Changes were made going back many months, almost to the start of the calendar year, most months’ numbers. So, rather than [...]

Soy complex rebounds as Midwest weather turns ominous

Futures activity Soybean futures demonstrated their greatest gains in about 18 years last week as weather concerns moved into the market. Aug-22 soybean futures increased by $1.64 per bushel last week to close at $16.37 per bushel on Friday. Nov-22 futures increased 9 percent over [...]

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