As of Aug. 8, North Dakota’s spring-planted canola crop was developing faster than average pace, with 77 percent of the crop’s seed pods at the coloring stage, compared to the five-year average of 74 percent, and well ahead of last year’s 62 percent. After [...]
Although net weekly soybean oil export sales returned to positive territory last week, that volume was just 708 MT (1.56 million pounds), and outstanding 2020/21 sales fell to 16,928 MT (37.32 million pounds). We had to look back 20 years to find a lower [...]
Corporate earnings from multinational food consumer packaged goods (CPG) companies this past week were upbeat, with most results beating or exceeding analyst expectations. However, a key benchmark of inflation released Friday by the Fed showed consumer prices up 3.5 percent in the most recent [...]
As of Jun. 24, Argentina’s 2020/21 soybean crop was all but finished at 99 percent complete, which should allow higher export shipments in July. For corn, Argentina growers are through harvesting about 48 percent of the crop, including 73 percent of early corn and [...]
Corn futures closed higher each day last week off support from soybeans, the weakening dollar, and extended weather forecasts showing drier conditions in South America. The soybean rally picked up last week, and the market is trading above $12 per bushel for the first [...]
The soy complex extended its momentous run last week, hitting contract highs for futures connected to the 2020/21 marketing year. A combination of bullish factors supported the move: a tightening balance sheet, a surge in Chinese buying, and ongoing reports of troublesome weather in [...]
As of Aug. 27, the U.S. had pre-sold 24.2 MMT of new-crop soybeans, beating the previous sales record set in 2013/14 of 23.9 MMT of 2014/15 soybeans. USDA is currently forecasting 2020/21 U.S. soybean exports at 57.8 MMT (2.125 billion bushels), a return to [...]
This past week’s Fed meeting and comments from Chairman Powell hinted at continued low-interest rates and a dovish stance to help the economy regain its footing in the current COVID-19 environment. Historically low-interest rates have already made an impact on the economy via a [...]
