Tidbits, Corn Production Costs, Export Sales, Markets & Rain Days Update 3/3/23

Highlights

Fertilizer prices are lower for the 9th consecutive week and all other inputs made 12 month lows in February.

Hot dry weather is still on tap for India’s wheat growing region.

The Fed Fund interest rate futures are pricing a peak interest rate of 5.5% in September. Fed President Bostic said Wednesday that the Fed might pause rate hikes by mid to late summer.

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Tidbits

Very heavy rains in southeast Asia are threatening palm oil production. Palm oil is the number one competitor in the world marketplace for all vegetable oil, including soybean oil.

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