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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.
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.
US crop prices continue to be volatile due to several factors like the weather, and exports from other countries.
Reports may have underestimated the demand for cotton.
The grain markets in the U.S. continue to be volatile with wheat prices down while others like corn improve.
Wheat and other agricultural products continue to fluctuate due to weather conditions and other factors.
Strong sales figures reflect the good quality of US rice this year, as well as its competitive prices.
