Soybean export sales slide lower

Net soybean export sales for the week of Feb. 13 were 494,277 MT, down 23 percent week over week. Reductions were minimal for the second week in a row. China’s soybean purchases fell to just 11,500 MT, and the country’s outstanding sales were only [...]

Oil prices slide as OPEC wrestles with production cuts

Oil prices have dropped by more than 20 percent since the start of this year and are retesting lows not seen since December 2018. Crude sunk to new contract lows in February, reaching beyond one-year lows on concerns of slower global economic growth, pressured [...]

Dairy prices retreat as coronavirus spreads

As confirmed coronavirus cases and fatalities mount—mostly but not solely within mainland China—dairy prices eased in the most recent Global Dairy Trade auction falling by nearly 5 percent. Travel restrictions and reduced growth forecasts as a result of the virus are curbing future demand [...]

Chinese imports & exports limited by coronavirus

The coronavirus that broke out in Wuhan, the capital of China’s Hubei province, in late January is expected to have lingering impacts for the next several months, if not longer. The number of infected people was approaching 25,000 as of early this week and [...]

Apple juice imports still below average

The U.S. imported a little over 31.2 million single-strength-equivalent gallons of apple juice in November, the first notable increase in volume in several months but still down 29 percent year over year. China and Europe (including Turkey) each supplied about 45 percent of U.S. [...]

December milk output shows unremarkable lead-up to 2020

The January milk production report this week showed a modest rise of 0.9 percent in 24-state milk production in December 2019 vs. a year prior. Production per cow (yield) was nearly unchanged YOY, and the total number of milk cows was unchanged from both [...]

Rise in soybean export sales

Export sales and shipments strengthened during the first full, non-holiday week of 2020. For the week ending Jan. 9, net soybean export sales were 711,462 MT (26.14 million bushels), reflecting 377,300 MT of reductions from unknown destinations. Weekly net sales were about double the [...]