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Trade wars between the US and China hurt crops as futures remain volatile despite closing high on wheat, palm oil, vegetable oil and rice.
Thanks to USDA Perspective Plantings, corn and soybeans closed higher this week. Despite a drop, cotton and sugar remain unfazed.
More soybean and soybean meals were sold last week in anticipation of China’s retaliation against the Trump administration’s trade tariffs.
Due to the friendly weather, charts reflect an uphill trend for cocoa, coffee and sugar futures. Corn and orange juice remain unchanged since last week.
Favorable weather conditions helped cocoa, cotton and frozen concentrated orange juice and citrus to close higher last week.
La Niña and winterkill hit stocks of U.S. wheat. Cocoa's on the rise and is on demand, while sugar closed lower this week despite the cheaper...
Stocks of US wheat took a turn, attributing it to the winter season and La Niña. Canada's wheat stocks look promising, making the most out of...
Cotton suffers from poor export sales report from USDA, while coffee, sugar and cocoa closed higher.
Sub-freezing temperatures drove the US wheat markets while demand remains strong for oats and corn.
Prices of wheat, corn and oats have dipped in the U.S. but things are looking good for sugar, cotton and orange juice.