USDA’s May reports contained yield and production estimates for spring crops still being planted, so there are several important items to watch and consider going forward.USDA’s May reports, released this past Wednesday, were really about benchmarks and expectations for the next marketing year. They contained, after all, yield and production estimates for corn, soybeans, wheat and other spring crops still being planted, and approximately 90 percent of the growing season is yet to be determined. Meanwhile, there are several important items to watch and consider going forward:
One significant unknown is what the final corn and soybean planted acres will be. Another is whether the wet conditions and flooding across significant parts of the...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
