AJC imports continued to rebound in May

The U.S. imported 51.03 million single-strength-equivalent (SSE) gallons of apple juice in May, up 11 percent from April and up 19 percent from a year ago. Imports of apple juice concentrate fell sharply in March to just 32.44 million SSE gallons as supply from [...]

Brazil center-south sugar output up, ethanol output down year to date

From April through mid-July, Brazil’s center-south cane crush reached 276.0 MMT, up 6.5 percent YOY. Cumulative center-south sugar production is up 50 percent YOY at 16.32 MMT. Center-south ethanol production is down 5.9 percent YOY at 12.13 billion liters. From October through mid-July, center-south [...]

Grain Belt weather forecasts are mostly favorable

NOAA’s two-week outlook features above-average temperatures throughout the Grain Belt, especially across the northern region. Higher temperatures are less likely for the central and southern regions. August heat is expected to be complemented by average rainfall in the northern, central, and eastern regions, which [...]

Record soybean oil use for biodiesel in May

The biodiesel industry produced 147 million gallons in May, up 2 percent from April but down 5 percent from May 2019. However, soybean oil utilization jumped to 778 million pounds, up 16 percent from April and beating the previous monthly volume of 768 million [...]

China’s big corn buy puts a pause on falling futures

Another week, another record U.S. corn purchase from China. Last Thursday, China bought 1.937 million metric tons (MMT) or 76.1 million bushels of new-crop corn. This edges out the previous record of 1.762 MMT set just two weeks previously. China’s purchases of new-crop U.S. [...]

Natural gas build slows as temperature rise

Tropical Storm Isaias (the ninth named storm, a record this early into the North Atlantic hurricane season) combined with an oppressive heatwave across much of the eastern U.S. to slow EIA natural gas stock build to a nominal 26 billion cubic feet (bcf) build [...]

Ivory Coast updates: Will Gbagbo run? Will Ouattara?

Former Ivorian president Laurent Gbagbo has applied for a passport so he can visit Ivory Coast, according to a statement by his lawyer reported by CGTN. Gbagbo, ousted after refusing to recognize an election won by current president Alassane Ouattara in 2010, was acquitted [...]

CBD prices continue to drop, favoring consumers

Since March’s onset of shelter-in-place orders, an uptick in consumption may be supporting CBD prices.  In a Brightfield Group survey of 5,000 CBD consumers, nearly 40 percent reported increased use during the pandemic. However, higher consumption seems unable to keep up with the growing [...]

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