Estandar reference pricing is down 0.4 percent from a month ago, while refined is up 0.2 percent. Estandar pricing has seen little volatility, but in an average season, pricing would be expected to pick up slightly after the end of the crush campaign, but [...]
News surrounding a higher minimum support price for cocoa in Ghana and Ivory Coast to lift grower income is adding fuel to the current speculatively led bull rally in cocoa. Last month in Accra, cocoa regulators from these countries met with industry participants to [...]
On Thursday, Jul. 11, Jul-19 wheat futures rose 4.8 percent to a six-week high of $5.36 following the June WASDE release. This price is higher than both the Sep-19 and Dec-19 futures contracts, at $5.21 and $5.32, respectively. Jul-19 contract prices rose in reaction [...]
USDA forecasts U.S. corn acreage to increase to 83.6 million, up 1.2 million acres from the June WASDE report and the same figure reported on the June 28 Acreage report. The corn crop yield remained at 166.0 bushels per acre, 10.4 bpa less than [...]
Sugar deliveries for food use (including re-export products) from October through May totaled 7.036 million short tons, down 0.1 percent from the same period last year. May’s deliveries dipped below deliveries for the same month in the last three years. Cumulative deliveries are up [...]
California 2019 almond production is estimated at around 2.2 billion pounds, down 4 percent from 2018 and down 12 percent from the subjective forecast released in May. Average state yield fell to 1,880 pounds per acre, the lowest volume since 2009, due to wet, [...]
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, [...]
From April through mid-June, Brazil’s center-south crush totaled 170.8 MMT of sugarcane, down 4.1 percent YOY but up 6.6 percent from the five-year average. With the sugar share of cane at 43.0 percent—down slightly from 35.0 percent a year ago—just 6.71 MMT of sugar [...]
