Colorado State University (CSU) meteorologists published their first preliminary extended forecast for this summer’s Atlantic hurricane season. La Niña conditions across the equatorial Pacific are seen subsiding and returning to a more neutral ENSO (El Niño Southern Oscillation) baseline, though to favor more constructive [...]
Futures activity Soybean oil futures rose steadily all last week, supported by rising palm oil prices. Dec-21 bean oil futures rose from 58.85 cents per bushel to 61.40 cents per bushel, nearing a two-month high if futures climb to 62.3 cents per pound this [...]
Futures activity Spot soybean oil futures also moved off five-month lows from $0.5578 cents per pound to $0.5629 per pound as of close Friday. Prices this time last year were near 35 cents per pound. S&D and fundamental factors August NOPA soybean crush came [...]
Commodity inflation has been challenging enough over the past year, but supply chain issues have multiplied the increase through higher direct costs as well as premiums associated with receiving the product on time. Sourcing U.S.-produced goods may help to soften the impact, but even [...]
Tropical storm and hurricane activity have increased as we near the peak of the season with Grace, Henri, and Ida all making themselves felt in various ways. Most recently, Hurricane Ida made landfall in southern Louisiana as a Category 4 storm, causing destruction and [...]
Futures activity Sep-21 corn futures ended last week considerably lower, down more than $0.32 per bushel over the week. Dec-21 futures fell by 3.5 percent over the week to close at $5.24 per bushel. S&D and fundamental factors U.S. corn condition remains at national [...]
Hurricane Ida has developed off the southwest coast of Jamaica. Early track forecasts have the storm’s eye headed northwest for the central Louisiana coast, making landfall as either a Category 2 or 3 hurricane, some say maybe close to a Category 4, between late [...]
