Futures activity The meal piece of the soy complex showed the greatest strength last week, with Jul-22 meal futures closing the week up $23 per short ton at $438.10. Conversely, soybean oil futures came under pressure, with the Jul-22 contract closing at $0.7379 per [...]
NOAA’s two-week outlook features above-average temperatures throughout the Grain Belt, especially across the northern region. Higher temperatures are less likely for the central and southern regions. August heat is expected to be complemented by average rainfall in the northern, central, and eastern regions, which [...]
January and February saw substantial snowfall accumulation across the northern Central Plains, raising concerns about the volume of the spring thaw. The storm during Mar. 9-10 brought additional snowfall and blizzard conditions across the Dakotas, Minnesota, Wisconsin, and northern Michigan. Another event is forecast [...]
Based on survey results, USDA is forecasting prospective plantings of sugar beets for the next crop at 1.113 million acres, down 1.6 percent from the last crop’s 1.131 million acres. Though major producer states Michigan and Minnesota saw modestly higher prospective plantings, up 1.7 [...]
