After high hopes that the market would finally realize how much “additional” soybean acres would be planted for 2021/22, participants were left speechless when USDA said zero additional acres were considered for planting from Mar. 1 to Jun. 1. Shockingly, soybean acreage remained at [...]
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 [...]
In what can only be described as a historical market shocker, the nation’s farmers last week indicated planted corn acres at merely 92 million, per USDA’s Acreage report. Although this reflects an increase of 3 percent over last year’s late-planted crop, it is down [...]
