Connect with us
As Mexico challenges U.S. tariffs, rice imports struggled to keep up. Cotton delivers another success following its triumphant harvest last week.
With excellent crop conditions, current ideal weather and planting, among others, corn might have already posted its 2018 high.
Weekly charts closed strongly for palm oil and vegetable oils as stock and demand rise due to a trade shift in the US-China dispute.
Florida fruit harvesting makes for a higher orange juice production this week. Palm oil closed higher despite the short week due to Malaysian elections.
New corn crop trade estimates are slightly higher than expected at 1.682 billion bushels while global inventories are well below the average.
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.
Despite weather conditions turning good, grains like corn and wheat dropped last week while soybean prices roughly increased.