Rise in soybean export sales

Export sales and shipments strengthened during the first full, non-holiday week of 2020. For the week ending Jan. 9, net soybean export sales were 711,462 MT (26.14 million bushels), reflecting 377,300 MT of reductions from unknown destinations. Weekly net sales were about double the [...]

Mexican cane campaign pace picks up slightly

Estandard pricing is flat week on week, while refined appreciated 1.2 percent from the previous week, unsurprising given that refined stocks are seen as tighter this season. Through the 14th week of the crush campaign, harvest area picked up slightly and is now 27 [...]

Crude production up, ethanol production down for 2020

On Jan. 6, after trending upwards since early October 2019, Feb-20 WTI crude futures reached a nine-month-high. The contract rose almost 3 percent after tensions were heightened between Iran and the U.S. following the U.S. killing of Iranian Major General Qasem Soleimani. Since Jan. [...]

Ivorian political drama ahead of October elections

The men who would be president? Amid a healthy main crop, the political environment in Ivory Coast is gaining more attention with dramatic developments in the last month. Might Alassane Ouattara run once more? Recognized as the winner of the 2010 presidential election, Ouattara [...]

New Zealand dairy: Out like a lamb, in like a lion

Three weeks ago, in the heaviest time of the year for milk deliveries and production, the Global Dairy Trade auction registered broad-based weakness across the dairy complex. Prices in most categories fell just over 5 percent at that event as heavy volumes and lower [...]

WASDE: Higher corn & soybean yields

The January WASDE report was slightly surprising in terms of corn with many expecting more bullish numbers. Instead, USDA raised 2019/20 corn yield to 168.0 bushels per acre (bpa), up 1 bpa from the December estimate. The industry was expecting yield to be 2 [...]

Mexico sugar output still behind at end of 2019

Through Dec. 28, harvested area for the 2019/20 Mexican sugarcane campaign was down 30 percent YOY. Cane crush was down 29 percent YOY, an improvement from being down 38 percent YOY two weeks prior. Similarly, sugar production has made up some ground, from down [...]

Meal delivery: The future of prepared food

Delicious, personalized, chef-created meals in the comfort of your own home: That’s always been the driving factor behind American demand for to-go restaurant food. Convenient apps have led to a huge rise in consumer demand for delivered restaurant meals: According to a September Forbes [...]