Soybean export volumes to China slow again

Net soybean export sales were a bit below average during the week ending Nov. 3, continuing the slower pace of recent weeks. There was a rise for week-over-week exports during the period. Soybean export volumes to China slowed somewhat during the week to 1.9 [...]

July nonfat dry milk stocks highest in 13 years

The latest dairy products report showed a continued build in many dairy product categories. Cheese was the obvious winner, with total output in July up 1.1 percent from July 2021 and showing a nominal gain of 0.5 percent month over month. Both American- and [...]

Soybeans close higher on positive economic data

Futures activity Following a day of significant strength and approaching cash market convergence, Sep-22 soybean futures closed last week a bit weaker than it started at $15.105 per bushel. Nov-22 futures closed at $14.205 per bushel. S&D and fundamental factors StoneX raised their forecast [...]

Pro Farmer crop tour hints at ominous 2022/23 corn production

Futures activity Bolstered by concerns about the upcoming crop, Sep-22 corn futures on Friday, Aug. 25, ended the week up by more than $0.35 at $6.6875 per bushel. Dec-22 futures closed similarly higher at $6.6475 per bushel. S&D and fundamental factors The Pro Farmer [...]

U.S. April food prices up 1% from March, up 9% YOY

ERS estimates inflation for selected food price indexes in the U.S. was 1.0 percent in April vs. March, with inflation for food at home at 1.3 percent that month. Eggs saw double-digit inflation, up 10.3 percent from March and up 22.6 percent YOY. Dairy [...]

Corn market rises on new-crop supply concerns

Futures activity May-22 corn closed near $7.90 per bushel last Friday, up more than 25 cents from Monday. The Dec-22 harvest contract closed at $7.35 per bushel. The general lack of spread among 2022/23 contracts may be reflecting the market’s uncertainty over corn for [...]

Dairy market jittery ahead of key USDA monthly reports

Valentine’s Day must have fanned the flames of dairy bulls as the Fonterra Global Dairy Trade auction registered its third consecutive hike in prices. The Feb. 15 event saw prices rise across all product categories with a cumulative growth of 4.2 percent. Core products [...]

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