Record world wheat supplies may impact export values

In the May WASDE, new-crop wheat production forecasts for the U.S. and EU were both slightly down from 2019/20. However, USDA forecasted 2020/21 world wheat production at a record 768.5 MMT (28.2 billion bushels), supported by sizeable crops in Australia, Canada, and Russia, and [...]

New Zealand dairy: Out like a lamb, in like a lion

Three weeks ago, in the heaviest time of the year for milk deliveries and production, the Global Dairy Trade auction registered broad-based weakness across the dairy complex. Prices in most categories fell just over 5 percent at that event as heavy volumes and lower [...]

Australian wildfires visible from space

Having burned through over 15.6 million acres, the Australian wildfires have forced thousands to evacuate. Fires have been particularly intense along Australia’s east coast, with New South Wales suffering severe damage and Victoria declaring a state of disaster. Coastal communities, where fires were fanned [...]

Pongamia may be good oilseed crop for Florida

California-based TerViva has patented high-yielding pongamia trees that can yield up to ten times more oil and three times more protein per acre compared to soybeans (according to the TerViva research). Also, these trees require little to moderate amounts of water, fertilizer, pesticides, and [...]

India sugar subsidies & policies find controversy, criticism

With Brazil crushing most of its cane for ethanol this season, India is slated to be the world’s top sugar producer for the 2018/19 season. And with a lack of fresh fundamentals of any significance, news from India can move the world sugar market, [...]

Macadamia nuts: A fit for Florida?

Subtropical macadamia nuts originated in Australia, but production has expanded to a number of suitable regions to satisfy rising global demand for mac nutmeat and oil. Young trees require about ten years to achieve commercial yields and then may continue to produce nuts for [...]

Another uptick for Asia’s 2017/18 sugar production

Thanks to favorable weather and gains in planted hectarage, forecast 2017/18 sugar output must again be raised for several Asian origins. India has shaken off the last effects of drought for some states, and this season the government’s concerns over prior volatility in domestic [...]