Futures activity Soybean oil futures rose steadily all last week, supported by rising palm oil prices. Dec-21 bean oil futures rose from 58.85 cents per bushel to 61.40 cents per bushel, nearing a two-month high if futures climb to 62.3 cents per pound this [...]
The 2020/21 soybean oil export marketing year closed very quietly—Q4 saw the slowest export pace since 2001—for both shipments and sales. U.S. soybean oil exports during 2020/21 totaled 1.49 billion pounds per FAS weekly shipment data, 13 percent lower than USDA’s estimate of 1.715 [...]
In the October WASDE, 2021/22 U.S. corn beginning stocks are estimated at 1.236 billion bushels, up 49 million bushels from September. Estimated 2021/22 corn yield is 176.5 bushels per acre (bpa), up 0.2 bpa from the previous estimate and above industry expectations. With improved [...]
Futures activity Dec-21 corn futures dropped by roughly $0.10 over last week to close at $5.3050 per bushel. Since the last week of September, futures have traded in a narrow range. S&D and fundamental factors Global ending stocks are projected to rise by about [...]
NOPA members crushed 158.8 million bushels of soybeans last month, higher than estimates ahead of today’s report by about 4.5 million bushels. NOPA's cumulative crush for the 2020/21 Sep-Aug soybean marketing year ended at 2.02 billion bushels, meaning total U.S. crush was likely around [...]
At the start of this week, pricing is flat from the previous week but down almost a point from the four-week average for both estandar and refined. In August, the Ministry of Economy announced that initial export quotas to the U.S. will total 657,153 [...]
Last Friday's WASDE report was in line with the previous week’s market expectations for soybeans—a modest increase in production due to improved yield prospects—but fell short of this week’s hopes for higher acreage. In sum, stocks for 2020/21 ended at around 175 million bushels, [...]
After two previous reports that were unexpectedly eventful for wheat, Friday’s WASDE brought only modest changes to the U.S. wheat balance sheet: 2021/22 imports declined 10 million bushels from the August forecast, food use rose 2 million, and ending stocks were lowered by that [...]
