USDA lowered projected 2021/22 world palm oil stocks by 149,000 MT in the January oilseeds update. A decline in Malaysian palm oil production was the major factor in the adjustment. Production in Malaysia is now forecast at 18.7 MMT, down 1.0 MMT from the [...]
Futures activity Mar-22 corn futures ended last week up 3 percent at $6.06 per bushel, maintaining the recent trend above $6 per bushel. Prices have been on a nearly steady incline since bottoming out in early September. S&D and fundamental factors WASDE is this [...]
An extremely active pattern across the northern Pacific Ocean brought record levels of snow to the western U.S. and mountain region in the final two weeks of December. Staffing issues brought on by rampant COVID spread and heavy snow across the western half of [...]
While most folks enjoyed the holidays, the grain markets, specifically corn and soybeans, experienced a notable late-year rally. Corn futures rose back above $6 per bushel and soybeans back above $13.50 per bushel. Most of the rally has been driven by a South American [...]
As summer progresses in South America, hot and dry conditions in southern Brazil and in Argentina are challenging for corn and soybean crops, and significant moisture relief is not expected beyond early January. In the week ending Dec. 23, Argentina saw mostly dry conditions, [...]
The recent series of tornadoes across the Midwest damaged some agricultural infrastructure, including barns, grain silos, livestock facilities, and machine sheds. In Iowa, reported damage to grain silos occurred mostly near the top of the structures, per the Des Moines Register. Since most silos [...]
Early this month, continuous nearby ICE coffee futures reached a ten-year high of $2.5020 per pound, still below the 2011 $3.00-plus record. Costly freight prices led coffee growers in Brazil, Colombia, and Ethiopia to default on prior sales commitments and instead hold back their [...]
Futures activity Corn futures ended last week a bit stronger than they began with the Mar-22 contract closing at $5.93 per bushel, about 1.5 percent higher than Monday’s settle. S&D and fundamental factors U.S. exports were reported on the stronger side of things last [...]
