U.S. dairy herd on the mend

Last week’s USDA Milk Production report showed January output (24 major states) up 1.2 percent compared to January last year. December production was revised and is now up 1.3 percent from December 2018. In total, 2019 milk production was up 0.4 percent YOY on [...]

Here is what we learned at the American CBD Expo

The American CBD Expo in San Jose, CA gave businesses and consumers the opportunity to learn about an industry in which daily growth is the expectation. The expo featured over two dozen vendors, including business insurers, CBD testing labs, hemp nurseries, and edible and [...]

Soybean export sales slide lower

Net soybean export sales for the week of Feb. 13 were 494,277 MT, down 23 percent week over week. Reductions were minimal for the second week in a row. China’s soybean purchases fell to just 11,500 MT, and the country’s outstanding sales were only [...]

Ivory Coast, Ghana cocoa arrivals flat year on year

Light rains in West Africa should help tree condition, soil moisture, and pod setting and filling. Reports show atypically dry conditions overall, which is expected to further pressure the Ivorian midcrop, which could fall by an estimated 20 percent to 30 percent from the [...]

Cocoa midcrop concerns, election uncertainty catch spec interest

Cocoa prices have surged $450 per MT, up 20 percent from the start of this year. Although cocoa bean arrivals to date are running close to last year’s record crop, hot and dry conditions have sparked concerns for the potential of the coming midcrop. [...]

Latest ENSO forecast predicts neutral conditions through spring

NOAA released its latest prediction on the El Niño Southern Oscillation (ENSO) on Feb. 13. The synopsis: A 60 percent chance of ENSO-neutral conditions for the Northern Hemisphere this spring, with a 50 percent chance that these will continue through the summer. This latest [...]

Will 2020/21 bring corn & soybean bumper crops?

Ahead of USDA’s Annual Outlook Conference, corn and soybean analysts estimated planted acreage, production, and ending stocks for the 2020/21 U.S. crops. The forecasts presented were bearish compared to 2019/20 figures. Beginning with corn, estimated planted acreage averaged 93.6 million acres, almost 4 million [...]

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