Warmer weather expected to benefit developing crops

Recent heavy rains from the southwestern to the northcentral Grain Belt replenished topsoil moisture ahead of a warmer and drier stretch of weather. Beneficial drying is expected across the southern areas, where soil moisture is adequate, as well. As soil moisture is already low [...]

Brazilian sugar production, exports recovering in new season

From April through mid-May, Brazil’s center south campaign saw reported crush of 103.0 MMT of cane, up an impressive 22 percent YOY and up nearly 16 percent from the five-year average. Sugar production reached 5.49 MMT, up 84 percent YOY and up 44 percent [...]

Butter prices strengthen despite building stocks

After a $0.90 per lb collapse for cash butter during Q1—brought on by building inventories and declining restaurant and food service demand in the wake of COVID-19—pricing has rallied by 20 percent over the past 30 days. This may be a signal that prices [...]

Soybeans affected by rise in U.S.-China tension

Soybean futures lost a little ground amid the rise in tension between the U.S. and China. May 22’s settle for the nearby contract was down over 11 cents from the start of the week. In the export market for the week ending May 14, [...]

Atlantic to see more major tropical storms & hurricanes in 2020

NOAA is predicting an atypically active Atlantic hurricane season this year, with a 60 percent chance of an above-normal season from June 1 through November 30. The forecast calls for between 13 and 19 named storms and from three to six major hurricanes. One [...]

Rains, flooding near sugar beet areas in Michigan

On Tuesday night, May 19 the Tittabawassee River breached the Edenville and Sanford dams north of Midland. Parts of the city of Midland and surrounding areas have reportedly been turned into lakes, with more to come. The river is forecast to crest at 38 [...]

Plant-based eggs, coming to a foodservice outlet near you…

While the alternative egg movement is not as well known or profitable as alternative meats, there is still plenty of opportunity to reap in the plant-based egg business. Eat JUST, Inc. (JUST) makes mung-bean-based egg liquid and frozen alternatives. Recently JUST and Michael Foods, [...]

Florida Valencia estimate still at 40.0 million boxes

Last week, USDA trimmed Florida early-midseason orange production by 350,000 90-lb boxes but held projected Valencia production at 40.0 million boxes. As of May 3, growers had harvested nearly 30.9 million boxes of Florida Valencias, or 77 percent of the forecast. Harvest pace tends [...]

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