Market participants frequently have grievances with U.S. Department of Agriculture estimates, especially when it comes to acreage and yields, though analysts are mostly satisfied with this year’s planting estimates first published in March.
Above-average rain in most of Ivory Coast's cocoa regions last week has flooded plantations and could affect the start of the next October-to-March main crop, farmers said on Monday.
After some scattered rain across the U.S. Corn Belt over the weekend, about half of the Crop Watch producers are satisfied with recent rainfall totals. For the rest, rain showers were too light and anxiety over dryness remains.
Monsoon rain reached the coast of India's southernmost Kerala state on Thursday, offering relief to farmers after a delay of more than a week, marking its latest arrival in seven years.
Malaysia's palm oil inventories at the end of May are expected to rise as production swells to its highest so far this year while exports remain flat, a Reuters survey showed on Tuesday.