Rains slow Brazil center-south crush, prices support ethanol over sugar

From April through mid-October, Brazilian center-south cane crush reached 384 million metric tons (MMT), down 3.5 percent YOY. Despite this, production of cane ethanol has grown 22.7 percent YOY. This increase is the direct result of an elevated ethanol share: 64 percent of cane [...]

Apple juice imports rose ahead of tariff

The 2018/19 marketing year started on a good note for apple juice imports. The U.S. took in 48.9 million single-strength-equivalent (SSE) gallons, up 74 percent from July and up 7 percent from August 2017. Apple juice imports had declined for most of 2017/18 in [...]

Not enough demand for a large soybean crop in 2018/19

USDA is currently projecting record soybean ending stocks of 885 million bushels. However, this number could be underestimated without China’s demand. The current projection depends on 2018/19 exports decreasing just 69 million bushels or 1.88 million metric tons (MMT) from the previous season. However, [...]

Sugar tax roundup

After backing California into setting a ban on local sugar taxes by threatening to bring forward an initiative to ban most local taxes, opponents of soda and beverage taxes are using ballot initiatives in a slightly different tactic in Washington state. According to reports, [...]