Net U.S. corn export sales reach six-week high

For the week ending Jan. 23, net corn sales were at a six-week high 1.2 MMT (48.6 million bushels), up 23 percent from the previous week and nearly double the prior four-week average. Unknown destinations accounted for the most volume at 345,000 MT with [...]

Main-crop cocoa arrivals starting to fade?

As we pass the midpoint of the main-crop season, cocoa bean arrivals at West African ports are starting to slow, losing some ground vs. January arrivals a year ago. Arrivals at major Ivorian ports were estimated at 60,000 MT in the most recent week, [...]

Weather may limit South American corn production

As of Jan. 23, the Argentine corn crop was 94.7 percent planted, up 3.8 points from the prior week and up 2 points YOY. Yield expectations for the current crop are about the same as last year’s, per Bolas de Cereales. For early corn, [...]

Apple juice imports still below average

The U.S. imported a little over 31.2 million single-strength-equivalent gallons of apple juice in November, the first notable increase in volume in several months but still down 29 percent year over year. China and Europe (including Turkey) each supplied about 45 percent of U.S. [...]

December milk output shows unremarkable lead-up to 2020

The January milk production report this week showed a modest rise of 0.9 percent in 24-state milk production in December 2019 vs. a year prior. Production per cow (yield) was nearly unchanged YOY, and the total number of milk cows was unchanged from both [...]

Benchmark OJ consolidates near 95.00

After breaking below retracement support above 98.00, Mar-20 OJ is finding additional short-term support around 94.95. The contract closed Thursday down by nearly 9 percent from its recent high a month prior, pressured by weather and crop updates for the U.S. and Brazil and [...]

Mexico sugar crop & new agreement with U.S.

Reference pricing for Mexican sugar has continued its three-month divergent trend: weakening for estandar, appreciation for refined. The most recent estandar pricing shows a drop of 0.5 percent from the previous week and of 0.7 percent from a month ago. Conversely, refined is up [...]

Organic produce maintained its momentum in 2019

Organic produce sales in the U.S. rose 5 percent YOY in 2019 and represented almost 10 percent of overall produce sales, per the Organic Produce Network (OPN). OPN’s 2019 Organic Produce Performance report divided U.S. states into four regions, listing highest to lowest in [...]

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