Selling into weakness at decade lows is seldom a winning strategy

The #11 world sugar market has trended lower throughout most of 2019. The bears have been chasing a surplus crop in India as well as lower quality stocks of Thai raw exports that have caused weakness in nearby tape. Compounding the move lower, speculative [...]

Corn market feels pressure from uncertain demand

Harvest of the U.S. corn crop has begun. Production remains a little uncertain, with just 29 percent of this year’s crop at maturity as of Sep. 22, about two weeks behind the average pace of development. So far, it appears the weather will be [...]

Dispatches from the fight against citrus greening

APHIS expands quarantine areas: In August, USDA’s APHIS announced the expansion of the Asian citrus psyllid (ACP) quarantines in California, Texas, and Louisiana. On Sep. 18, APHIS announced a psyllid quarantine area in Nevada’s Clark County. The map below shows Asian citrus psyllid and [...]

Taiwan pledges to buy corn, soybeans

Earlier this week, Taiwan committed to purchasing a few billion dollars of U.S. corn, corn co-products, and soybeans over the next two years. Reuters reported that Taiwan agreed to buy $2.2 billion corn and soybeans from Illinois, and World-Grain.com reported Taiwan agreed to purchase [...]

Dairy herd near bottom as seasonal milk production ebbs

Total U.S. dairy cows whether measured across the 24 largest producing states or across the nation have held fairly constant the past three months with the September milk production report showing that total milk output is basically flat compared to last year. After steadily [...]

Sugar price index clocks fifth month of gains

Sugar price index up YOY: FAO’s sugar price index was up 11.1 percent YOY in August (adjusted for inflation). This marks the fifth straight month of YOY gains after nearly two years of declines. For 2019 to date, the sugar price index is still [...]