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 [...]

Crude production up, ethanol production down for 2020

On Jan. 6, after trending upwards since early October 2019, Feb-20 WTI crude futures reached a nine-month-high. The contract rose almost 3 percent after tensions were heightened between Iran and the U.S. following the U.S. killing of Iranian Major General Qasem Soleimani. Since Jan. [...]

Almond & walnut exports show strength YOY

According to the Position Report for November, domestic shipments of shelled and in-shell almonds were 60.7 million pounds, down 5 percent from last November. Export shipments, at 175.19 million pounds in November, rose 1 percent YOY. Net total shipments were 235.89 million pounds, down [...]

U.S. may impose greater tariffs on EU goods

The Trump administration may add or increase tariffs on EU products, including agricultural products, to combat subsidies from the EU to Airbus. According to CNBC, “The U.S. has long argued that subsidies to Airbus hurt American aircraft giant Boeing and that the EU’s efforts [...]

How much apple juice are you drinking?

USDA reported monthly apple juice imports at 22.99 million SSE gallons, up less than 1 percent from September and down 9 percent from October 2018. Jan-Oct 2019 cumulative imports were down almost 20 percent year over year. But interestingly, starting in winter 2019, stocks [...]

October almond & walnut exports rose YOY

According to the Position Report for October, domestic shipments of shelled and in-shell almonds were 62.55 million pounds, down a little over 8 percent from October 2018. U.S. almond export shipments, at 202.95 million pounds in October, rose over 13 percent YOY. Net total [...]

AJC stocks rose in August despite import slowdown

The U.S. imported just 21.6 million single-strength-equivalent gallons of apple juice in August, an extremely low volume for the month. The five-year average for August is 41.5 million SSE gallons. Imports in August 2018, at 49.3 million SSE gallons, were higher than average due [...]

Good export sales continue for soybeans

Net soybean export sales for the week of Oct. 10 were 1.6 MMT (58.8 million bushels), down 24 percent from the previous week’s strong showing. Outstanding sales were just over 13.0 MMT (477.8 million bushels), down 18 percent from outstanding sales a year ago—but [...]