Futures activity Mar-23 futures settle at $6.6625 ahead of the holiday weekend. On Wednesday, Dec. 21, the contract settled above the 20-day moving average for the first time since early November and managed to hold on to higher values during quiet trade yesterday and [...]
While most folks enjoyed the holidays, the grain markets, specifically corn and soybeans, experienced a notable late-year rally. Corn futures rose back above $6 per bushel and soybeans back above $13.50 per bushel. Most of the rally has been driven by a South American [...]
Early this month, continuous nearby ICE coffee futures reached a ten-year high of $2.5020 per pound, still below the 2011 $3.00-plus record. Costly freight prices led coffee growers in Brazil, Colombia, and Ethiopia to default on prior sales commitments and instead hold back their [...]
Futures activity Spot corn futures played out last week with little change, opening last Monday at $5.81 per bushel and closing Friday right back up at $5.86 per bushel. S&D and fundamental factors Not much in the way of change is anticipated for this [...]
Futures activity Despite what most would consider a bearish WASDE report (at least for domestic soybeans and soybean oil), soy complex futures ended last week considerably higher than they began. Jan-22 soybean futures closed at $12.445 per bushel, up nearly 5 percent from last [...]
NOAA is predicting an atypically active Atlantic hurricane season this year, with a 60 percent chance of an above-normal season from June 1 through November 30. The forecast calls for between 13 and 19 named storms and from three to six major hurricanes. One [...]
World production in 2019/20 could fall over 9 MMT due to declines in Europe, the Americas, and especially Asia-Pacific origins. The latter losses, in turn, are largely the result of anticipated declines from India and Thailand. India’s weather ahead of the 2019/20 crop was [...]
Reports suggest that bean arrivals at Ivorian ports remain strong, averaging somewhere between 30,000 MT and 35,000 MT of beans per week despite mixed weather seen earlier in some growing regions. Based on these reports, total arrivals from October through May are variously estimated [...]
