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 [...]
Over a year into Biden’s first term in office, prices for crude oil have more than doubled, moving from $50 per barrel (bbl) to over $100 per bbl, and gasoline prices have followed that same trajectory. With consumers now paying more than $4 per [...]
Futures activity May-22 corn closed near $7.90 per bushel last Friday, up more than 25 cents from Monday. The Dec-22 harvest contract closed at $7.35 per bushel. The general lack of spread among 2022/23 contracts may be reflecting the market’s uncertainty over corn for [...]
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 [...]
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 [...]
Futures activity Corn futures rocketed higher all last week, reaching $8 per bushel on the spot market during trading on Friday before falling back to close up 5 cents at $7.56 per bushel. S&D and fundamental factors While market attention is on Ukraine and [...]
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 [...]
