Corn futures retreat from spike after plantings report

The 2021 Prospective Plantings and Grain Stocks reports delivered plenty of surprises last week. Expectations were for planned corn acres to come in around 93.1 million acres. The result? The market was left 2 million acres short at 91.1 million acres, and prices rose [...]

Forecasters calling for another active hurricane season this coming summer

AccuWeather released its first predictions for the coming North Atlantic hurricane season, which will begin officially in June of this year. Although not expected to be as active and severe as 2020‘s season, which saw the most named storms to strike the U.S. since [...]

Sugar beet planting intentions

As anticipated by the trade, sugar beet plantings are expected to rise almost 2 percent or 6,800 acres in 2021. In the last three seasons, poor weather depressed yields in the Red River Valley (RRV), which would typically account for about 50 percent of [...]

2021 corn & soybean acreage below expectations

In USDA’s March acreage report, lower-than-expected acreage surprised markets. U.S. corn planting intentions were slated at a five-year high of 91.1 million acres, up 325,0000 acres YOY but notably below the industry estimate. For soybeans, producers intend to plant a three-year high of 87.6 [...]

March cattle on feed at 12.0 million head

As of Mar. 1, U.S. cattle on feed totaled 12.0 million head, down 1 percent on the month but up about 2 percent YOY. Headcount was a record high for the month of March. This may give some indication of potential feed demand growth [...]

Soybean export sales, shipments slow further

Export sales and shipments of 2020/21 soybeans were both on the low side the week of Mar. 18. Sales were offset by 152,500 MT of reductions for unknown destinations, a slightly higher level of cancellations than we saw over the previous couple weeks. Exports [...]

Soybean oil prices crash to finish the week

After reaching new highs at 57.47 cents per pound last Wednesday, trading the daily limit up, soybean oil crashed and ended the week on back-to-back limit-down days. The nearby May-21 contract closed at 52.48 cents per pound, the lowest since Mar. 4. Concerns over [...]

U.S. cocoa bean stocks climb with arrival of main crop

As we near the end of Q1, cocoa bean stocks in licensed U.S. warehouses continue to seasonally climb with the arrivals of more main-crop beans from West Africa. We are already 5 percent above last year’s levels at this time, and inventories should continue [...]

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