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
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
Last week the USDA reported 15.9 million bales of cotton production. This is down 1.1 million bales (350,000 tons of cottonseed) from the November report and 3.9 million bales (1,050,000 tons of cottonseed) less than last year. This was a surprise as the USDA had been maintaining a 17.0 Read More