Tidbits, Global Estimates, Fertilizers, Spring Weather, Broiler & Ethanol 2/21/25
- Wright team
- Feb 21
- 5 min read
Highlights
March CBOT options expire today which usually means lower prices.
The expected hot weather in Argentina this weekend sent soybeans higher yesterday, but not so much the corn. We think the faint rumors from the New York Times of a Trump trade deal with China boosted soybeans more than weather.
Due to high prices, India cancelled the purchase of 70,000 mts of Malaysian palm oil which had been scheduled for delivery March through June.
Sunflower oil futures rose above $1,350 per mt, the highest since November 2022. Sun oil is the fourth most used veg oil in the world after palm, soybean, and canola.
Taiwan tendered for 102,450 mts of U.S. wheat yesterday and a feed mill in Taiwan purchased 65,000 mts of U.S. corn.
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