Sugar price index clocks fifth month of gains

Sugar price index up YOY: FAO’s sugar price index was up 11.1 percent YOY in August (adjusted for inflation). This marks the fifth straight month of YOY gains after nearly two years of declines. For 2019 to date, the sugar price index is still [...]

USDA projects 2 percent growth in soybean crush

In the August WASDE report, USDA forecast 2019/20 soybean crush at 2.115 billion bushels, up 50 million bushels from this season’s volume. With crush nearly complete for the 2018/19 marketing year, USDA is estimating total crush at around 2.07 billion bushels, about 1 percent [...]

Narrow gain in May biodiesel production

U.S. biodiesel production was 154 million gallons in May, a five-month high and up 2 percent from May 2018. Manufacturers used 659 million pounds of soybean oil in May, and from January through May, soybean oil accounted for 56 percent of feedstock utilization, displacing [...]

Food prices up for first time since 2017

In July, FAO’s Food Price Index (deflated) saw its first YOY increase in 22 months. July’s Index was up 2.3 percent YOY, a considerable difference from the previous 12 months, which saw an average YOY decline of 6.4 percent. Looking at individual subindexes, both Meat and Sugar continued their [...]

Food Price Index finally ticks higher

FAO reported its Food Price Index appreciated by just 0.2 percent YOY in June, the first monthly YOY increase in 21 months. (Note: These figures are adjusted for inflation.) The increase comes courtesy of gains in three of the five subindexes: The Meat, Cereals, [...]

Pongamia may be good oilseed crop for Florida

California-based TerViva has patented high-yielding pongamia trees that can yield up to ten times more oil and three times more protein per acre compared to soybeans (according to the TerViva research). Also, these trees require little to moderate amounts of water, fertilizer, pesticides, and [...]

U.S. net agricultural export totals adjusted downward

Last Thursday, May 30, USDA released its quarterly Outlook for U.S. Agricultural Trade, forecasting import and export value totals for the current year. USDA decreased its initial export value forecast by $4.5 billion, from $141.5 billion down to $137 billion. Lower forecasted export shipments [...]