U.S. HFCS export fell 2 percent in 2018

USITC data for December show the U.S. exported 73,330 MT (dry weight) of HFCS during the month: 3,375 MT of HFCS-42 and 69,955 MT of HFCS-55, which raised cumulative 2018 HFCS exports to 1.046 MMT, slightly lower than annual exports in 2016 and 2017. [...]

WASDE: USDA lowers corn use, raises soybean crush

Today’s WASDE report confirmed the market’s expectation for lower corn utilization for ethanol, which USDA lowered by 25 million bushels, to 5.550 billion bushels. USDA also lowered U.S. corn exports by 75 million bushels, a move that was less expected but not out of [...]

EU to restrict palm-oil-derived biodiesel

A new EU law would limit the use of biodiesel derived from certain feedstocks to current volumes through 2023 but then zero out their use by 2030. Palm oil is one of the affected feedstocks because of its link to deforestation. Reuters reports that [...]

U.S. AJC imports rebounded in November

With import/export volumes being reported again, we now know that the U.S. imported over 5.5 million gallons of 70˚ Brix apple juice concentrate in November, up more than 15 percent from the small volumes imported in September and October but still below levels seen [...]

Will USDA lower corn use for ethanol?

USDA will publish its corn S&D update on Friday—the first official look at crop production and use since Dec. 11. Exports and utilization for ethanol may be due for adjustment. During the government shutdown, USDA continued to report on grains inspected for export. For [...]

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 [...]

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, [...]

December soybean crush up 3 percent from last year

NOPA members reported crushing over 171.7 million bushels of soybeans last month, up 3 percent from November and from December 2017. Crush was a bit higher than the industry anticipated, which was around 170 million bushels, and confirms robust domestic demand continues for soybean [...]