Commodity funds have been bullish in Chicago soybeans for three consecutive years now, and despite a rout in futures last month, funds’ soy views as of last week were essentially unchanged from mid-March.
Speculators have recently restored some of the Chicago grain and oilseed optimism that they sharply reduced in early March, though heavy price pressure late last week may have once again sent some longs toward the exit.
U.S. corn yield possibilities for this summer are still wide open, though industry participants might disagree over what represents a “normal” yield due to some recent trends.
Mexican authorities announced Monday a working group will investigate the impact of genetically modified (GM) corn imports on the country's tortillas, a national staple typically made from cornflour, amid a trade dispute with the United States.
India is likely to get "below normal" monsoon rains in 2023 with an increasing likelihood of El-Nino, which typically brings dry weather to Asia, private weather forecasting agency Skymet said on Monday.