Tidbits, Coconut Oil, Livestock, ProFarmer Tour, Broilers & Ethanol 8/21/25
- Wright team
- Aug 21
- 4 min read
Tidbits
Flash sale: Yesterday morning, the USDA announced the sale of 100,000 mts of new crop corn to Colombia and 125,741 mts of new crop corn to Mexico.
Soft red winter wheat was strong yesterday for no apparent reason. In such situations, at the end of the day, market comments report there was a rumor China was shopping for U.S. products, in this case, soft red winter wheat.
Coconut oil is one of the nine vegetable oils traded worldwide. Coconut oil prices in India have nearly tripled in less than two years, to a record 423,000 rupees ($4,840) a metric ton, while global prices surged to an all-time high of $2,990 per ton ($1.35 per pound; CBOT soybean oil at 52¢). Two growing seasons of less than normal rainfall, extended heat, and more increased pests and disease damage have restricted production. The International Coconut Community says growing demand in the face of production limits will keep second-half global prices in the range of $2,500 to $2,700, well over the 2023 average of about $1,000.
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