Nutmeat exports doing all right despite trade tension

U.S. almond and walnut exports moved briskly during Q4 2018. Almond exports totaled 498.5 million pounds (shelled and in-shell basis), which was down less than 1 percent from Q4 2017’s record volume and was 26 percent higher than the five-year average for Q4. The [...]

Mexican domestic sugar prices spike on cane grower protests

In the last week, the refined sugar price fell 1.1 percent, a more rapid decline than in previous weeks. Pricing for estandar, however, gained 6.0 percent to pre-harvest levels. This atypical increase in price can only be attributed to the market’s reaction to organized [...]

Corn acreage expected to rise, soybeans to fall in 2019

Looking ahead to 2019/20 corn, the consensus is U.S. acreage will increase, but the extent of the increase is a hot topic right now. A recent survey of growers conducted by Farm Futures puts new-crop corn acreage at 90.3 million acres, up just over [...]

West African weather more favorable for midcrop cocoa

Major West African cocoa origins seem to have dodged what some had thought would be a harsher Harmattan season; instead, Ivory Coast and Ghana have seen the sort of mix of sunshine and rains that typically supports higher bean production. In this case, 2018/19 [...]

Brazil’s corn exports held steady in December

Brazil exported 4.0 million metric tons (MMT) of corn in December, up just slightly from November and from December 2017. Sep-Dec exports totaled 14.6 MMT, down 21 percent from Sep-Dec 2017. In December, USDA projected Brazil would export 29.0 MMT of corn during 2018/19, [...]

Brazil center-south sugar output down 38.3 percent in second half of December

Center-south cane crush was down 5.7 percent, and ethanol manufacturing was up 7.7 percent. For the season to date, April through December, sugar output is down 26.5 percent at 26.3 MMT due to both a drop in cane crush of 3.6 percent YTD and [...]