Futures activity New-crop Dec-22 futures settled at 6.550 on Thursday, the lowest since Mar. 29. The December contract closed at 6.7400 per bushel on Friday, down from $7.31 per bushel a week ago and down 8 percent week over week. S&D and fundamental factors [...]
Although news of an explosion and fire in a Freeport liquified natural gas (LNG) loading terminal off the coast of Texas would initially appear bullish, in-depth analysis would suggest that the event has instead shifted the momentum of the domestic natural gas market. The [...]
Saudi state-run oil company Aramco raised prices to both European and Asian customers this month and signaled that prices could rise further as China slowly relaxes strict COVID lockdowns and reopens its economy, raising its oil demand. New-contract Arab light crude oil prices were [...]
The North Atlantic hurricane season officially begins today, Jun. 1, and the National Oceanic and Atmospheric Administration (NOAA) has released its projection for the season. It echoes a previous forecast from researchers at Colorado State, calling for an above-average season for both the number [...]
The 2021 water year was the second driest on record, and the state of California had been hoping for a wet winter. Rains and snows from January through March, however, were the lowest on record. As of Apr. 1, the state’s snowpack was just [...]
Farmers in the Corn Belt took advantage of better weather and made enormous progress last week in planting corn and soybeans. Iowa’s planted corn acreage rose from 14 percent to 57 percent as reported in the May 16 crop progress bulletin, while Illinois went [...]
Futures activity After a bullish reaction to last Thursday’s USDA report, Jul-22 corn futures settled Friday at $7.81 per bushel. The Dec-22 contract ended the week up $0.38 at $7.4875 per bushel. S&D and fundamental factors U.S. corn was 22 percent planted as of [...]
Although Mar. 20 was the official start of spring and next week will be the first full week of May, you wouldn’t know that if you were in the Northern Plains over the past month. Multiple late-winter storms have plagued the region, bringing plenty [...]
