Slight break in world food prices in April

In April, FAO’s Food Price Index (FPI) fell slightly from March, possibly a positive sign after strong food price inflation in previous months. Adjusted for inflation, the FPI was 121.8, down about 0.8 percent from prices in March. The FPI was still up 28 [...]

Fresh record high for FAO Food Price Index in March

FAO reported its Food Price Index (FPI) at a new record in March 2022, about 17 percent above its previous high in early 2011 and up nearly 37 percent YOY (unadjusted for inflation). Adjusted for inflation, the FPI was still a record high in [...]

Corn loses out on acreage battle

Futures activity May-22 corn actually fell 19 cents per bushel last week to $7.35 per bushel despite an unfavorable acreage report. New-crop futures contracts closed the gap vs. the spot market, however, reflecting lower expected acreage. The Dec-22 contract rose from $6.69 per bushel [...]

Soybean market eyes acreage report next week

Futures activity May-22 futures rose last week from $16.68 per bushel back above $17 dollars to $17.09 per bushel, reaching new contract highs. S&D and fundamental factors Informa expects U.S. soybean acres at 88.6 million acres, at or just above current market expectations ahead [...]

Geopolitics, smaller Brazilian crop drive soy complex

Futures activity Nearing expiration, the Mar-22 soybean futures contract closed last week slightly higher than it began, at $16.9075 per bushel. Futures did manage to close at a record $17 per bushel on Thursday before correctly slightly on Friday. S&D and fundamental factors USDA’s [...]

Russian invasion of Ukraine roils markets, including the soy complex

Futures activity Mar-22 soybeans closed last week at $15.9025 per bushel on Friday but not before touching a high of $17.65 per bushel on Thursday—a record high for a March soybean contract. Mar-22 soybean oil futures surpassed last year’s high, reaching $0.7472 in Thursday’s [...]

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