Corn rises again

Nothing seems to be stopping speculative interest in corn (and other ag commodities). Dec-21 corn futures continued to climb higher last week, testing contract highs near $4.20 per bushel, a value last reached in July 2019. The current net long position in ag commodities [...]

Spring rains provide planting window in South America

While some crop row in South America areas are still mostly dry,  some key region in Argentina and Brazil have seen an uptick in precipitation and soil moisture in the last ten days, allowing planting to accelerate and lessening the risk of replanting due [...]

Brazil center-south sugar output up 45% YOY

Through mid-September, Brazilian center-south cane crush is up 5 percent YOY. The cumulative sugar share is 47 percent of cane crush vs. 35 percent a year ago. As a result, sugar production is up 45 percent YOY at 29.07 MMT. Ethanol manufacturing, however, is [...]

Expanding acreage in Brazil to boost 2020/21 production

USDA forecasts planted corn acreage in Brazil at nearly 48.19 million acres in 2020/21, up 0.8 percent year on year. A private forecast from Safras & Mercado pegs planted area at 48.56 million acres (19.66 million hectares) in 2020/21, which is 370,000 acres (149,734 [...]

Brazil center-south sugar output up, ethanol output down year to date

From April through mid-July, Brazil’s center-south cane crush reached 276.0 MMT, up 6.5 percent YOY. Cumulative center-south sugar production is up 50 percent YOY at 16.32 MMT. Center-south ethanol production is down 5.9 percent YOY at 12.13 billion liters. From October through mid-July, center-south [...]

South American corn harvest leads to export activity

As of Jul. 16, Argentina’s corn harvest was over 90 percent complete. Production is still forecast at 50 MMT by both USDA and Bola de Cereales. Weekly Argentine corn exports reached a calendar year high in late June of over 1.9 MMT but have [...]

Brazilian center-south sugar production up 49% YOY

Brazil’s center-south crush from April through June reached 229 MMT of cane, up about 5 percent YOY and up about 9 percent from the five-year average. For the season to date, the sugar share of cane use is 46.4 percent, up almost 12 points [...]

Soybeans affected by rise in U.S.-China tension

Soybean futures lost a little ground amid the rise in tension between the U.S. and China. May 22’s settle for the nearby contract was down over 11 cents from the start of the week. In the export market for the week ending May 14, [...]

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