Tuesday was another dynamic day in the grain markets. Soybean futures hit contract highs and nearby corn futures climbed above $6. Clinton Griffiths discovers what's behind the market moves.
Pure Green Farms and its 174,000 sq. ft. facility is a fully automated, controlled environment, hydroponic greenhouse. From seeding to seedling, harvest to home, this lettuce is never once touched by human hands.
Before the pandemic hit, the meat department was down 0.1% in pounds and pork was down 0.8% in pounds. But in 2020, the retail meat case took off. Meat sales increased 11% by volume, with pork leading the way over beef, chicken and turkey, up 11.9%.
A U.S. attaché in Argentina estimates the country’s 2020/21 bean crop at 45 MMT, which is 2.5 MMT under USDA’s official production peg. It expects the country to export 5.5 MMT of that grain, which is also 1.35 MMT lighter than USDA projects.
