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Cotton candy prices experienced a decline of -0.81% yesterday, settling at 61480, primarily driven by increased crop production forecasts by the Cotton Corporation of India (CCPC) for the current season. The upward revision in crop production expectations, coupled with lower demand from mills, exerted downward pressure on ICE (NYSE: ICE ) prices for cotton . …

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SPECULATORS covered short positions in Chicago corn and soybeans last week, chipping away at their still-massive bearish bets as futures continued climbing off multi-year lows. In the week ended on March 12, money managers cut their net short position in CBOT soybean futures and options to 155,137 contracts from a record 171,999 in the prior …

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Rumors of a new soy dollar in Argentina had little effect on soybean farm sales when compared with the previous rounds of the special exchange program, with farmers continuing to sell instead of waiting for a new program to pay production costs. The Argentinian government has denied plans for a new soy dollar exchange program …

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Brazil Farmers Harvest 62.25% Of 2023/2024 Soybean Area Versus 62.88% At This Time Last Year Brazil 2023/2024 Soybean Output Seen at 148.6M Tons: Safras Brazilian soybean production in 2023/24 should total 148.601 million tons, with a reduction of 5.8% over the harvest from the previous season, which was 157.83 million tons, according to an emailed …

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The U.S. soybean crush rebounded in February from the prior month’s weather-slowed pace and reached the highest-ever level for the second month of the year, topping all trade estimates, according to National Oilseed Processors Association (NOPA) data released on Friday. NOPA members, which account for around 95% of soybeans crushed in the United States, processed …

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There have been a lot of questions as to why there is such a big difference between Conab and the USDA concerning the 2023/24 Brazilian soybean estimate. Conab is estimating the crop at 146.8 million tons while the USDA is estimating the crop at 155.0 million (a difference of 8.2 million tons). Some have speculated …

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Palm oil prices are expected to trade between 3,800-4,000 ringgit in April as the market weighs a recovery in production and inventories in coming months, according to the Malaysian Palm Oil Council.-A bullish price movement from current levels is unlikely due to the ample supply of soybeans from South America entering the global market in …

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