Category Archives: Cooperative News

Volatile week in corn futures

Corn Click here for the full report: Weekly Commodity Report 7-8-16 It was a volatile week in corn futures. Futures plunged early in the week on favorable weather conditions and solid corn crop ratings but were up sharply at week’s end as the market ran out of selling and reestablished some risk premium for the […]

U.S. sugar beet crop is progressing nicely

Sugar/Sweeteners The U.S. sugar beet crop is progressing nicely and with normal weather this season we could see record production. Domestic beet processors are still struggling to get sugar sold for the balance of 2016 and prices remain under pressure. The United Nations’ food-price index jumped 4.2 percent in June, the most since July 2012, […]

Weekly Commodity: Oil/Shortening

Oil/Shortening The July soybean oil contract closed at $.3099 down 94 points for the week. The July soybeans closed down 56 1/2 cents at $11.03 while the July soybean meal closed at $375.60 down $31.80 per ton. Sharply lower palm oil prices and a break back below $50 per barrel in the crude oil market […]

Weekly Commodity: Wheats & Oats

The May K.C. wheat futures contract closed at $4.68 3/4, up 14 1/2 cents for the week. The Chicago and Minneapolis May futures contracts closed up 8 1/2 cents and up 7 3/4 cents at $4.60 3/4 and $4.97 3/4 respectively. The wheat futures markets made new contract lows in Chicago and K.C. early in […]

Weekly Commodity: Corn

Corn futures were unchanged for the week but firmed from stronger corn export sales and some carryover support from wheat price strength. U.S. weekly corn export sales for 2015/2016 were solid once again at 43.2 million bushels and were up 18 percent from the previous week and 25 percent from the prior 4-week average. Corn […]

Weekly Commodity: Oil & Shortening

The May soybean oil contract closed at $.3096 down 27 points for the week. The May soybeans closed up 15 cents at $8.78 1/2 while the May soybean meal closed at $270.90 up $10.30 per ton. The soybean complex closed mixed this week with soybean and soybean meal prices able to hold onto modest gains […]

Weekly Commodity: Dairy

Butter prices rallied back above the $2 level to finish the week higher. Manufacturing remains strong on the East and West coasts, but steady to lower in the central regions. Heavy cream supplies continue to clear into the churns as processors gear up for the increase in holiday demand. NASS reported January production levels were […]