2017/18 corn, soybean stocks end higher than expected

In today’s Grain Stocks report, USDA put corn stocks for 2017/18 at 2.140 billion bushels, up from 2.002 billion USDA estimated earlier in September. In the Sep. 12 WASDE report, USDA had lowered projected stocks from 2.027 billion bushels to 2.002 billion based on [...]

U.S. processors break more eggs as prices fall

After the rapid decline in U.S. pricing for breaking stock eggs after 2015’s avian flu disaster, pricing shot up again in Q4 2017 and remained elevated through Q1 and Q2 2018. In the summer of 2017, the Netherlands reported finding the insecticide fipronil in eggs, [...]

Ingredient market study: The GMO-Free Gamble

Consumers across the world are indisputably paying more attention to genetically modified ingredients. A recent global survey put the topic of GMOs among the top five consumer concerns about their food supply. However, despite most consumers theoretically preferring GMO-free food, not every consumer is [...]

Could ethanol production slow?

The market appears to be getting accustomed to ethanol production setting records month after month. In fact, ethanol production for the month of August was up 4.5 percent from output last year. Strong margins have encouraged production due to cheap corn and rising energy [...]

Brazil’s focus on ethanol production continues

For the current crop year, running from April 2018 through March 2019, Brazil’s center-south sugar production is up by 2.3 percent from last season, reaching 398 million metric tons (MMT) of cane as of the end of August. Total sugar production, however, is down [...]

China may not need U.S. soybeans after all

China imported 98 MMT of soybeans last year and was projected to reach 100 MMT this year. As China shifted to Brazilian soybeans, it was expected that at some point Brazil would run out and China would be forced to buy U.S. soybeans. However, [...]

California winemakers expect 2018 to be excellent vintage

California grape growers continue to harvest wine and table grapes; picking will last into next month. Raisin grape harvest is complete, and fruit is being sun dried. Vineyards this season benefited from good rain volume in February, and bloom lasted longer than usual due [...]