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 [...]

USDA decides no mandatory GMO labeling for beet sugar, HFCS

The long-awaited USDA regulations for the National Bioengineered Food Disclosure Standard (NBFDS) have been released. USDA presented its decision as founded on extensive scientific research and precedents established by FDA. Perhaps the most notable part of the rule is that refined ingredients with undetectable [...]

Strong U.S. cane crops still possible despite challenging weather

Even after the end of Hawaii cane cultivation and some adverse weather in recent months, U.S. cane sugar output could still hit USDA’s forecast of 4.04 million STRV, a 19-year high. Despite poor rains, Florida could reach a two- or three-year high on high [...]

Chinese apple production fell to nine-year low in 2018

USDA estimates China’s 2018/19 apple crop at 31.0 MMT, down 25 percent from 2017/18 due to severe damage from spring frosts, rain, and hail. China is expected to send just 3.0 MMT of apples to processors, down 38 percent year over year. Balancing global [...]

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 [...]

Signs of faltering ethanol demand?

After more than a year of record ethanol output, production may finally be starting to slow. In its December WASDE report, USDA reduced total corn demand for ethanol manufacturing by 50 million bushels to 5.6 billion bushels for 2018/19.  Ethanol margins have been squeezed by low crude oil prices paired with an increase in corn futures prices. Ethanol futures, conversely, reached the lowest [...]

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 [...]