Corn stocks reported below industry estimate

As of Mar. 1, 2020, U.S. corn stocks were just over 7.95 billion bushels, down roughly 8 percent YOY and below trade expectations. A stocks figure under the industry estimate may suggest that 2019/20 production was lower than reported. Soybean stocks were just over [...]

New life for unusual metric? The Waffle House Index

Waffle House restaurants have a reputation as a hardy breed: The average Waffle House is unfazed by bad weather that shutters other restaurants. Even after all but the worst disasters, Waffle Houses are usually open right after with little effect other than perhaps taking [...]

Natural gas: New highs & lows for the year

The COVID-19 pandemic and the accompanying price collapse across commodities comes as no surprise, and some longer-term implications can already be discerned with a little bit of digging. The rolling nearby contract for natural gas has fallen 25 percent on the NYMEX Apr-20 contract [...]

Brazil center-south sugarcane campaign nears end

Brazil’s 2019/20 center-south sugarcane crush campaign will end this month and the 2020/21 campaign will begin in April. For the current campaign, total crush bested last year’s pace at 582.9 MMT of cane through mid-March, up 3 percent YOY, per UNICA. With the sugar [...]

Alcohol distillers shift to hand sanitizer

Growing up, when we kids got a scrape or cut, the playground advice was “Rub some dirt on it” to stop the blood. But then mom always had the hydrogen peroxide or rubbing alcohol to clean it. Kids never thought much about disinfectants, other [...]

Recovery in South Dakota’s honey production

U.S. honey production was around 156.9 million pounds in 2019, up 2 percent from 2018 but down 2 percent from the previous five-year average of 160 million pounds. Honey stocks as of Dec. 15 were 41.0 million pounds, up 40 percent year over year. [...]