agricultureandfarming

For the third week of January, US farm markets featured some explosive prices. Friday’s corn market, indeed, ended with futures 2 to 5 1/4 cents in the black. Thus the March contract completed the week with a 3.35% gain. After rallying sharply both on Wednesday and Thursday, soybeans eased back 10 3/4 to 11 1/2 cents on

According to the U.S. Department of Agriculture, wheat export sales for the period Jan 7- 13, 2022 were at 380,600 metric tons (MT).That was up 44% from the previous week and 62% from the prior 4-week average. Increases primarily for Nigeria (101,300MT, including 30,000MT switched from unkn. destin. and decreases of 2,700MT), Guatemala (66,600MT, including 11,900 switched from unkn. & decreases of 800MT), Japan (56,100MT), Thailand (51,000MT), & Mexico (35,500MT, including

On Thursday, US farm markets has lean on the soybean that run-up to eight-year highs for momentum terms. Soybean, indeed, added over 60¢ per bushel in only two sessions. China rumors, according that they is buying U.S. beans, fueled this rally.  Market, however, continues also to digest the Russia-Ukraine tensions with Biden stating that Russia ‘will move