Following March’s sideways trading below 21.50 cents, nearby May-23 #11 world raw sugar settled at a fresh high of 23.61 in early April. Support formed near 23.15, 22.85, 22.65, 22.40, and 22.00. Most-active Jul-23 #11 broke past resistance around 21.00 and 21.50 cents, rallying [...]
Weekly ethanol production and use for blending were down 1 to 2 percent during the first half of March, while stocks rose to 26.4 million barrels as of Mar. 10—a record level for the week and close to the highest level for March, which [...]
Global economic and environmental factors have created a positive environment for U.S. corn exports while corn futures ended the week on stable footing. May-23 corn ended the week up $0.10, meanwhile, Dec-23 futures ended the week right where they started. For the week ending [...]
Corn prices continue to fall as crop forecasts are cut and recessionary fears influence the market. Corn futures slid further this week, with the May 23 contract falling. Corn export sales were sizable last week, though this comes as USDA lowered the export estimate [...]
The corn market is holding steady despite hits to its three major demand categories, weather variability, and political uncertainty. Mar-23 corn closed a bit higher this week, although, analysts expect global corn ending stocks to fall by about 2 MMT in this week’s WASDE [...]
Futures activity Mar-23 corn futures closed Friday at $6.8050, very close to the week’s open at $6.79; weekly volatility was relatively tame, with a $0.10 per bushel high/low spread. The same could be said for Dec-23 corn, which closed at $5.96 per bushel. S&D [...]
FAO Food Price Index (FPI) fell for the tenth-straight month in January as each subindex clocked a monthly drop from December prices. The composite FPI fell 2.5 percent from December and was down 4.9 percent from January 2022. Monthly declines for the subindexes ranged [...]
Futures activity Mar-23 futures saw pressure early last week that took the contract to $6.66 per bushel, but prices appreciated by close of Thursday back above $6.80 per bushel. S&D and fundamental factors Ethanol production was relatively flat the week ending Jan. 20, at [...]
