Weather premiums building in corn
Dec-23 corn futures continued to move higher last week, closing out at the highest price since late April and up 42 cents over the [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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. [...]