Food Price Index down to 15-month low

Adjusted for inflation, FAO’s Food Price Index (FPI) fell nearly 2 percent in December, reaching its lowest level since September 2021 and down about 2.6 percent YOY. FPI for all of 2022 was still up nearly 12 percent YOY and up nearly 37 percent [...]

FAO Food Price Index falls to seven-month low

Adjusted for inflation, FAO’s Food Price Index (FPI) fell 1.9 percent from July to a seven-month low but was still up 6% YOY. This is a change from prices in July, up 11 percent YOY, and from May and June prices, up 20 percent [...]

Corn prices rebound with pollination around the corner

Futures activity Dec-22 corn futures went on a wild ride last week after prices plunged to $5.7850 per bushel last Monday, down 29 cents from the previous Friday’s close. Prices dipped to as low as $5.6650 per bushel during trading on Wednesday, the lowest [...]

Corn prices retreat after first glimpse of 2021/22 crop

After a six-week rally, corn futures prices calmed down last week, showing a week-over-week decline for the first time since late March. Jul-21 futures fell from $7.32 per bushel to $6.43, a drop of 89 cents per bushel on the week. New-crop 2021/22 corn [...]

Safrinha planting nears completion

As of Mar. 18, safrinha corn was 90 percent planted as periods of dryness allowed for accelerated planting. Strong corn prices continue to incentivize Brazilian farmers to plant well beyond the ideal time. Brazilian soybeans were some 59 percent harvested overall with Mato Grosso’s [...]

February cattle on feed at multiyear high

As of Feb. 1, U.S. cattle on feed totaled just over 12.1 million head, the second highest February total since reporting began in 1996. Inventory was up 1 percent from January and up about 1 percent YOY, slightly above industry expectations. The high number [...]

Corn futures consolidate ahead of USDA report

Corn prices traded in a relatively narrow range of about $0.10 per bushel last week. Traders were also positioning ahead of what is expected to be a fairly bullish WASDE report tomorrow as the market foresees the potential for additional declines to ending stocks [...]

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