U.S. honey imports plummet under antidumping duties

In November 2021, the U.S. levied varying levels of anti-dumping duties on our top honey origins, effectively choking trade from Vietnam, Argentina, India, and Brazil. Imports of raw honey in November totaled 8,933 metric tons and fell to 6,271 MT in December, compared to [...]

Corn market trading on South American weather, awaits USDA reports

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 [...]

South American weather keeps corn, soybean markets on edge

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 [...]

Dryness persists in Argentina & southern Brazil

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, [...]

Corn moves sideways amid market uncertainty

Futures activity Spot corn futures played out last week with little change, opening last Monday at $5.81 per bushel and closing Friday right back up at $5.86 per bushel. S&D and fundamental factors Not much in the way of change is anticipated for this [...]

USDA adds 35 million bushels to 2021/22 soybean crop

Last Friday's WASDE report was in line with the previous week’s market expectations for soybeans—a modest increase in production due to improved yield prospects—but fell short of this week’s hopes for higher acreage. In sum, stocks for 2020/21 ended at around 175 million bushels, [...]

WASDE brings another reduction in global wheat stocks

The April WASDE report released last week was pretty much as expected across many commodities, but global wheat ending stocks did surprise with another sizeable drop. Stocks fell 5.67 MMT from 301.19 MMT to 295.52 MMT. The trade expected stocks to hold near 301 [...]

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