Futures activity Corn futures rallied slightly last week, remaining near around $7 per bushel. S&D and fundamental factors New 2022/23 corn sales were just 7.9 million bushels the week ending Oct. 7, still well below the pace needed to reach the new export target [...]
Massive leaks of natural gas from Nord Stream 1, an offshore pipeline connecting Russia and Western Europe, were reported in the Baltic Sea. The cause of the incident is still under investigation, but the near-simultaneous occurrence of at least four leaks makes sabotage a [...]
U.S. trade partners appear to be holding off buying 2022/23 corn: Sales were a mere 182,339 MT during the week of Sep. 15 (7.2 million bushels), well below average for the week. Outstanding sales to Japan were 854,000 MT as of Sep. 15, compared [...]
Intense heat across Europe is boosting demand for electricity, and drought-stricken areas are dealing with low water levels in rivers hindering barge deliveries of coal to power plants. Higher air-conditioning use is preventing a buildup of natural gas stocks ahead of winter, and storage [...]
Futures activity Sep-22 corn ended last week at its lowest levels since Jan. 3 (and at parity with Dec-22 futures) at $5.6425 per bushel. The contract fell 7.8 percent over the week. S&D and fundamental factors It appears Ukraine and Russia have worked out [...]
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 [...]
As the 2021/22 marketing year wraps up for wheat, the U.S. has not seen an increase in export sales, leading USDA to trim the season projection by 15 million bushels in today’s WASDE report. Now estimated at 785 million bushels, 2021/22 wheat exports are [...]
The effects of the Russian invasion of Ukraine that began two weeks ago are spilling over into global markets, creating massive volatility for corporations to navigate. Crude oil prices traded up to $130 per barrel this past week to a 15-year high as the [...]
