Dairy bull market pauses to catch its breath

Increasing tension over trade in the first half of May led dairy manufacturers to begin selling off inventories. Many cooperatives had been building inventories of various products in anticipation that a trade deal between the U.S. and China was close, but that anticipation has given way to concern as import duties of up to 25 percent remain in place on various [...]

Stock markets slide amid U.S.-China trade uncertainty

Stock market volatility picked up last week with a further hike for U.S. tariffs on Chinese products. The Trump administration accused China of reneging on several areas previously negotiated, and tensions escalated further between the two countries. The current understanding is that imports already [...]

U.S. AJC imports rebounded in November

With import/export volumes being reported again, we now know that the U.S. imported over 5.5 million gallons of 70˚ Brix apple juice concentrate in November, up more than 15 percent from the small volumes imported in September and October but still below levels seen [...]

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 [...]

Brazilian farmers rush to plant soybeans

As China buys virtually all Brazil’s soybeans, farmers are rushing to plant the 2018/19 crop. Planting pace is ahead of usual at 29 percent planted as of Oct. 1, compared to 16 percent a year prior. A crop planted earlier is usually harvested earlier, [...]

Could ethanol production slow?

The market appears to be getting accustomed to ethanol production setting records month after month. In fact, ethanol production for the month of August was up 4.5 percent from output last year. Strong margins have encouraged production due to cheap corn and rising energy [...]

Canada’s July canola crush set record for the month

COPA reports that over 838,000 MT of canola oilseed were crushed in July, up 12 percent from July 2017. The crush volume was a record for July and near the all-time record of 871,000 MT set last October. Canola oil production, at 379,300 MT, [...]