India sugar export subsidy, ethanol price hike approved

Export subsidy policy continued: India’s Cabinet Committee on Economic Affairs (CCEA) approved an export subsidy of Rs. 10,448 per MT (around US$6.63 cents per cwt) for 2019/20 exports. Total cost is officially estimated at Rs. 62.68 billion (more than US$875 million). Despite objections—WTO complaints—from [...]

Specs selling cocoa, going short—time to buy?

Cocoa futures have remained under pressure most of August as speculators fully liquidated their entire net long position and swung net short in CFTC commitments of traders reports these past two weeks. Specs may now be attempting to accumulate a short position and push [...]

2018/19 soybean exports should beat August forecast

The U.S. exported 873,260 MT of soybeans during the week ending Aug. 22, down 26 percent from the previous week but still more than a third above the necessary weekly average for the rest of August. Cumulative exports totaled 45.0 MMT (1.65 billion bushels). [...]

AJC imports dropped sharply in June

Apple juice imports in June were just 27.4 million single-strength-equivalent (SSE) gallons, down almost a third from import volume during June 2018. Cumulative 2018/19 imports were 439.0 million SSE gallons, down 6 percent from Aug-Jun 2017/18. Since January, imports from European origins have supplied [...]

Near record high butter stocks defies heat of July

USDA Cold Storage Report released on Aug. 22 is showing a near-record high 330 million lbs of butter in cold storage across the U.S. and is the second highest stock level for this time of the year in nearly two decades. Stocks rose somewhat [...]