Food Price Index fell in December but was up 26% YOY in 2021

In December 2021, FAO’s world Food Price Index (FPI), adjusted for inflation, fell by almost 1 percent from November, ending a four-month streak of gains averaging 2 percent per month. December’s decline came on weaker pricing for meat, cereal, oils, and sugar, influenced by [...]

WASDE: Higher corn & soybean ending stocks

In the January WASDE, USDA increased its 2021/22 U.S. corn production estimated to 15.115 billion bushels, up 53 million bushels from the December estimate. USDA raised 2021/22 corn ending stocks to 1.540 billion bushels, up 47 million bushels from the previous forecast. Corn exports [...]

Corn market trading on South American weather, awaits USDA reports

Futures activity Mar-22 corn futures ended last week up 3 percent at $6.06 per bushel, maintaining the recent trend above $6 per bushel. Prices have been on a nearly steady incline since bottoming out in early September. S&D and fundamental factors WASDE is this [...]

Soybean oil edible use up 9.5% in November

Over 1.17 billion pounds of soybean oil were removed from stocks (a proxy for monthly utilization) in November for use in edible applications. Soybean oil removed for inedible use was up from October but down year over year as yellow grease and distillers corn [...]

South American weather keeps corn, soybean markets on edge

While most folks enjoyed the holidays, the grain markets, specifically corn and soybeans, experienced a notable late-year rally. Corn futures rose back above $6 per bushel and soybeans back above $13.50 per bushel. Most of the rally has been driven by a South American [...]

Dryness persists in Argentina & southern Brazil

As summer progresses in South America, hot and dry conditions in southern Brazil and in Argentina are challenging for corn and soybean crops, and significant moisture relief is not expected beyond early January. In the week ending Dec. 23, Argentina saw mostly dry conditions, [...]

Soybean futures push higher

Futures activity Soybean futures have been rallying each day since Dec. 13, moving up nearly $1.00 per bushel over that period. Jan-22 futures closed last week at $13.32 per bushel, the highest since August 2021. S&D and fundamental factors Chinese purchases of U.S. soybeans [...]

Grain silos lose tops in devastating tornadoes

The recent series of tornadoes across the Midwest damaged some agricultural infrastructure, including barns, grain silos, livestock facilities, and machine sheds. In Iowa, reported damage to grain silos occurred mostly near the top of the structures, per the Des Moines Register. Since most silos [...]

Title

Go to Top