Rise in dairy product inventories

While trade tensions between U.S. and China are not yet settled and NAFTA’s replacement, USMCA, has not been ratified, exports of dairy products that would normally be shipping to these two key destinations have been lagging. Following U.S. steel and aluminum tariffs, China and [...]

Brazil center-south sugar production down 26.5 percent

With half of March left in the center-south sugarcane campaign, sugar production is reported at 26.38 MMT for 2018/19, down 26.5 percent from production last season. While cane crush is reported down just 3.8 percent from April through mid-March, the sugar share now stands [...]

Remembering 1993’s Midwest flooding

Heavy precipitation during the fall and winter of 1992/93 saturated Midwestern soil and raised reservoir levels. Then excessive spring and summer rainfall inundated 400,000 square miles, flooding that persisted throughout much of the growing season in the Corn Belt. Iowa was hit very hard [...]

Cocoa bean stocks & arrivals still look good, confirm large crop

Bean stocks in U.S. warehouses has climbed seasonally as main-crop cocoa arrivals progressed. Though still short of record levels, bean stocks are firmly within the range of the past several years and close to 4.5 million bags. Stocks of cocoa seem ample as the [...]

A closer look at sugar deliveries, demand growth USDA forecasts for demand growth

USDA estimates sugar deliveries for food use shrank by half a percent in 2017/18 and as of last WASDE forecasts a 0.6 percent increase for that volume in 2018/19 at 12.125 million STRV. This volume is unchanged from forecasts in the previous months, though [...]