Has weekly ethanol production hit a winter low point?

Since October, weekly ethanol production has followed last year’s pattern, although on average at about 1 to 2 percent lower daily production rates. The similar year-over-year volume makes sense given that U.S. gasoline consumption in 2018 was nearly unchanged from the year before, and [...]

Update on genetically modified sugar in the U.S. & for key world markets

Almost all sugar beets harvested in the U.S. are grown from genetically modified (GM) seed, and the beet industry had feared that the National Bioengineered Food Disclosure Standard would be applied to beet sugar as a result. Arguing that beet sugar, like soybean oil [...]

Canada on track to record canola crush

Canadian canola processors crushed over 820,500 metric tons of the oilseed in November, up 18 percent from October’s volume and up 2 percent from November 2017. Although crush and oil and meal production have slowed down since summertime’s blowout pace, and Sep-Oct processing volumes [...]

Indonesia’s share of the global cinnamon market is falling

In 2017, global cinnamon production totaled nearly 224,150 metric tons, up 7 percent from five years earlier as demand continues to grow. The U.S. and India, the world’s top two destinations, are expressing robust demand for the spice. Indonesia has managed to hold on [...]

October HFCS exports fell 17 percent year over year

The U.S. exported 74,500 MT, dry weight equivalent, of HFCS in October, compared to almost 90,000 MT in October 2017. The value of HFCS-55 exports broke down to $344 per MT, or 20.3 cents per pounds, dry basis, about half a cent higher than [...]

USDA maintains soybean S&D despite trade uncertainty

USDA left the domestic soybean balance sheet practically unchanged in this week’s crop report, perhaps due to uncertainty over U.S.-China trade relations. After the G20 meeting, the U.S. and Chinese presidents were eager to signal that the trade war could be resolved. Both agreed [...]

WASDE watch: Soybean exports

USDA will update 2018/19 S&D projections on Tuesday. In November, USDA lowered this season’s U.S. soybean exports to 1.9 billion bushels due to the trade dispute with China. With 2018/19 ending stocks already forecast at a record 955 million bushels, the industry is wondering how close [...]