Update on world food trade policies & export bans

Following production and shipment exports stemming from the COVID-19 pandemic, some countries adopted restrictions or additional duties on exports of some food commodities. In 2022, poor weather and crops and the fallout of the Russian invasion of Ukraine have now prompted additional export bans, [...]

Corn market rises on new-crop supply concerns

Futures activity May-22 corn closed near $7.90 per bushel last Friday, up more than 25 cents from Monday. The Dec-22 harvest contract closed at $7.35 per bushel. The general lack of spread among 2022/23 contracts may be reflecting the market’s uncertainty over corn for [...]

Energy markets in the crosshairs of the Ukrainian crisis

The effects of the Russian invasion of Ukraine that began two weeks ago are spilling over into global markets, creating massive volatility for corporations to navigate. Crude oil prices traded up to $130 per barrel this past week to a 15-year high as the [...]

U.S. canola crop in poor shape heading into harvest

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 [...]

U.S. soybean oil all but out of global market

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 [...]

Food price inflation may temper earning results

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 [...]

South American harvest in full swing

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 rises to new highs

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 [...]

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