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Despite heavy rains in various parts of the United States, the frozen concentrated orange juice market experienced an increase last Friday.
USDA reports predicted an increase in wheat production that would boost supplies in the world market, putting the U.S. market under pressure.
The top-end yield on corn is likely lost while soybeans still have nearly full potential.
US wheat prices will probably move to the higher end of the world price range.
All positives for the corn market and not so much for soybeans.
China is importing significantly less sugar so far this year.
Given the extent of flooding and drown out across the key growing states; abandonment may be the first adjustment to be made by the USDA.
Cotton export demand has faded in the last couple of weeks, but the overall demand remains good.
All eyes are on the weather this week. Producers are pushing hard and fast with little to no sleep as the clock ticks away.
The US is moving to limit imports of biofuels from Argentina right now on reports that the fuels are being dumped into the US market. Less...