By Patrick Sparks, Global Risk Management Inc. A continuation of cooler than normal ocean temperatures in the Pacific means a La Nina is in full effect! Often referenced but frequently misunderstood, La Nina’s and its close relative El Nino can have significant impacts on agricultural production. In general, a La Nina is a global weather Continue Reading »
Key Takeaways from the USDA’s December WASDE Report
By Max Olson, Global Risk Management Inc. No upward revisions to soybean or corn exports means prices are high enough for the moment, but all eyes remain on South American weather and Chinese demand. The December WASDE updates are typically a boring affair since the USDA does not update their supply estimates this month, and Continue Reading »
What Does the Recent ICE Cocoa Stocks Drawdown Mean for Futures Prices?
By Adam Graves, Global Risk Management Inc. Cocoa futures prices can be very susceptible to volatile movement stemming from headlines that appear to impact supply and demand due to the infrequent nature of data and information released by official sources. Over the last two weeks as it neared delivery, the December’20 cocoa futures contract rallied Continue Reading »
