2019/20 soybean stocks raised to 620 million

Friday’s WASDE report showed that USDA is expecting higher soybean ending stocks for this season, although it isn’t sure yet which use category will be the source. Crush for 2019/20 was raised 15 million bushels from the June estimate, to 2.155 billion bushels, while [...]

Soybean market creeping higher

Soybean exports remain on pace, with healthy Chinese purchases totaling 320,038 MT during the week ending Jun. 11, about 60 percent of the purchases made during the week. As of now, the current USDA projection of 1.650 billion bushels looks attainable with the current [...]

April AJC imports near 46 million SSE gallons

The U.S. imported 45.8 million single-strength-equivalent gallons of apple juice during April, up 41 percent from March and up 12 percent from a year ago. Importers may have playing catchup after business with China declined sharply during China’s COVID shutdown: 65 percent of apple [...]

Corn market shrugs off bearish WASDE

The market shook off a historically bearish first look at a new crop: the Jul-20 contract’s highest close of the week came on the day of that report. The same scenario played out for the December contract. It appears traders are content to let [...]

Corn futures weak as plantings progress nicely

May-20 corn futures ended last week down a few cents, around $3.11 per bushel. The contract tested the $3 mark on Tuesday for the second time in the last two weeks but was unable to break through psychological support. Plantings are progressing quickly, and [...]

Will supply disruption affect the honey market?

One of the fastest-growing exporters of honey to the U.S. has been India, and India has been our largest honey supplier since 2017, when it displaced Vietnam from the top spot. U.S. imports from India grew 12 percent by volume in 2019 over 2018, [...]

Recovery in South Dakota’s honey production

U.S. honey production was around 156.9 million pounds in 2019, up 2 percent from 2018 but down 2 percent from the previous five-year average of 160 million pounds. Honey stocks as of Dec. 15 were 41.0 million pounds, up 40 percent year over year. [...]

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