COTTON bulls get a 536,000-bale decrease in production as NASS’s first survey-based estimate for 2021/22 is 17.3 million bales. On the flip side, beginning stocks are raised higher as estimated exports for 2020/21 are reduced -50,000 bales based on final Export Sales data and Census Bureau data through June. Read More
Canola ($RSX21) jumped to NEW 52-week highs today up +27.80 (+3.13%) closing at $916.80s . Today marks the fifth consecutive day in the green for $RSX21 as the contract got as high as $949.00s intraday.
Canola prices continue to shoot through the roof as Read More
Cottonseed prices moved higher last week throughout the origin markets due to oil mill bids for old and new crop. ADM was / is bidding new crop at $270 delivered Valdosta, GA and $365 delivered Lubbock, TX. PYCO tried to be a seller of new crop Texas seed in Read More
Destination prices are higher on moves higher in Texas and the mid-South. Texas received about ¾” of rain late last week across most parts of the cotton belt. This is positive but growers are now looking for more rain to get the crop planted and the 10-day forecast shows Read More
Prices are higher due to a large volume of trade last week. Many dairies from Texas, Idaho and California purchased April through September cottonseed. As I’ve said many times, this year’s production is down 35% from last year, consumption for the first six months of this crop year seems Read More
Corn (May) Fundamentals: This morning’s weekly export sales report showed net sales of 395,500 MT for 2020/2021 were up noticeably from the previous week, but down 48 percent from the prior 4-week average. As mentioned yesterday, we are interested in what funds will do with their expanded position limits. Read More
We have higher board values today and a crop report tomorrow. Milk prices were up decently on Friday with a little follow through today. The most significant thing to report on cottonseed is that ADM is the highest bid in all origin markets, by $15 per ton. The crush Read More