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
Analysis: Rapeseed rush sends prices soaring as Chinese demand swells
Read more here –
Analysis: Rapeseed rush sends prices soaring as Chinese demand swells | Reuters
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
Cottonseed prices came off last week as Gavilon decided to put out lower offers. I have talked to many gins in each origin (TX, OK, AR, MO, MS, TN and GA) and have concluded there has been zero gin selling. We have a USDA production report this Wednesday and Read More
please see the referenced PDF for information.
Margins improved significantly over the first half of May following a strong recovery in milk prices due to optimism stemming from
government intervention to aid the dairy sector. USDA announced that it would spend $317 million between May 15 and June 30 on
dairy products, and $175 million for food donation Read More
Corn
Good morning. Corn
futures are starting off the week slightly in the red, with the May contract
down 3/4 cent to $3.43. The May contract is currently a dime off its recent
low, thanks in large part to a 29.7 million-bushel sale of corn to the Chinese.
We’ve been waiting a long time Read More