Energy markets, South American weather supporting soy complex futures

Futures activity The Mar-22 soybean meal and oil contracts closed last week at $411.20 per short ton and $0.6527 per pound, respectively. Soybean meal is nearly identical to where it started the year while soybean oil futures are higher by almost $0.10 per pound [...]

Corn market: Geopolitics overshadow improving South American weather

Futures activity Showing additional strength, Mar-22 corn futures closed last week at $6.16 per bushel, up nearly $0.17 per bushel from last Monday. Dec-22 futures closed at $5.65 per bushel, up $0.07 per bushel or 1.3 percent over the week. S&D and fundamental factors [...]

Corn market trading on South American weather, awaits USDA reports

Futures activity Mar-22 corn futures ended last week up 3 percent at $6.06 per bushel, maintaining the recent trend above $6 per bushel. Prices have been on a nearly steady incline since bottoming out in early September. S&D and fundamental factors WASDE is this [...]

Corn market begins pre-holiday wind-down

Futures activity Corn futures ended last week a bit stronger than they began with the Mar-22 contract closing at $5.93 per bushel, about 1.5 percent higher than Monday’s settle. S&D and fundamental factors U.S. exports were reported on the stronger side of things last [...]

Pacific La Niña conditions bring atypical weather to Americas

Intensified upwelling in the equatorial Pacific is bringing unusually cold sea surface temperatures, part of the cold event known as La Niña. Although the exact atmospheric mechanics are not fully understood, these colder surface temperatures are generally associated with drier growing conditions across South [...]

Soybean prices test new highs before falling

Soybean futures prices rallied last week and tested new highs, with values Thursday reaching $14.43 per bushel. However, prices could not hold and subsequently ended the day below the previous high of $14.36 per bushel on Jan. 14. Soybean harvest delays in South America [...]

Soy complex shows resilience

Mar-21 soybeans ended at $13.70 per bushel last week after recovering from the previous week’s speculative selloff. News of additional soybean purchases trumped reports of favorable weather in South America as demand is moving to the forefront of market-driving factors. Soybean harvest should be [...]

Corn market corrects on better weather in SA, speculative selling

Last week brought a market correction to corn futures, culminating with Friday’s significant sell down. Mar-21 corn futures closed the week just above the psychological level of $5 per bushel. Fundamentally, arguably the only bearish news last week was better weather in South America, [...]

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