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Questions surrounding U.S. soybean production potential for 2023/24 remain

By |July 14, 2023|Categories: Corn & Soy Complex, Market Prices, Weather|Tags: , , , , |

Soybean futures contracts continue to show an enormous amount of volatility. After rallying by nearly $1 per bushel on the last week of June’s surprise [...]

World sugar corrected lower at end of week

By |July 10, 2023|Categories: Market Prices, Sugar|Tags: , , , |

Benchmark Oct-23 #11 world raw sugar traded sideways in May and June from about 24.00 to 26.30 cents. The contract tested its upper Bollinger [...]

Benchmark FCOJ rebounds from six-week lows

By |June 15, 2023|Categories: Fruit & Fruit Concentrates, Market Prices|Tags: , , , , |

Nearby Jul-23 FCOJ closed the week of May 12 at a six-week low of 242.75 cents, recovering the week of May 18 but failing to break [...]

Weather premiums building in corn

By |June 6, 2023|Categories: Corn & Soy Complex, Global Trade, Market Prices|Tags: , , , , , |

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 [...]

Food price index up 0.6% in April for the first time in 13 months

By |June 5, 2023|Categories: Dairy & Eggs, Edible Oils, Fruit & Fruit Concentrates, Livestock & Poultry, Market Prices, Sugar, Wheat|Tags: , , , , , , , , , |

Adjusted for inflation, FAO’s Food Price Index (FPI) for April rose 0.6 percent from March—the first monthly increase in 13 months. The sugar and [...]

CPI finally falls below fed funds rate for first time in years

By |June 2, 2023|Categories: Energy, Market Prices|Tags: , , , , , , |

April’s Consumer Pricing Index (CPI) was announced midweek up 0.4 percent from March, slightly below market expectations. The monthly increase cooled the annual rate [...]

April net corn cost up 20% from March

By |May 18, 2023|Categories: Corn & Soy Complex, Edible Oils, Energy, Market Prices|Tags: , , , , , , , , |

Corn basis: Basis bids around Decatur, IL were considerably higher during the April reconciliation period, compared to March 2023 and April 2022. Corn gluten [...]