The total U.S. rotary oil rig count continues to trend lower and is now down 150 rigs from early September last year, which is 14.3 percent lower. From a capacity standpoint, total rigs targeting oil have fallen by 122 and represent 82 percent of [...]
Today USDA published results of the first maturity tests for Florida’s 2019/20 early and midseason oranges and for grapefruit. Results were based on samples taken Aug. 26-27 and processed in USDA labs on Aug. 28-29. For early and midseason oranges tested, the average 2019/20 [...]
USDA estimates 2019/20 U.S. corn harvested acreage at 82.0 million acres, unchanged from the August WASDE report. The corn yield estimate is 168.2 bushels per acre (bpa), down 1.3 bpa from August. Accordingly, corn production is forecast at 13.799 billion bushels, down 102 million [...]
Mills will be asking the Ministry of Commerce to extend tariffs originally set in 2017 that would support domestic sugar pricing, per Reuters. A year ago, the Chinese government levied tariffs on all out-of-quota (OOQ) sugar, which meant that developing nations were no longer [...]
Prime Minister Narendra Modi is leading an effort to ban plastics in India. On Oct. 2, plastic bags, cups, plates, small bottles, straws, and other single-use plastic packaging will become banned in India, according to multiple sources. Modi’s goal is to ban single-use plastics [...]
USDA will publish the next WASDE on Sep. 12, and this year’s report is eagerly anticipated as it will reflect USDA’s first in-field evaluation of the 2019/20 corn and soybean crops. Ahead of publication, the industry is expecting USDA to confirm widespread belief in [...]
New Zealand co-op Fonterra’s latest auction on the Global Dairy Trade portal brought mixed results to the dairy complex. While all protein heavy ingredients like rennet casein and skim milk registered price gains, most of the fat complex trended lower. Casein prices rose 4.6 [...]
Annual alternative meat sales ending April 2019 totaled just over $800 million, a 27 percent increase over two years, per SPINS research as reported by Good Food Institute. This growth is likely due, in large part, to younger consumers. According to the latest U.S. [...]
