WASDE: Corn exports lowered, soybean exports raised

USDA made limited yet anticipated changes to the 2019/20 supply and demand forecasts for corn and soybeans. U.S. corn exports were lowered 50 million bushels to 1.725 billion bushels. Despite unfavorable margins of late, ethanol and by-products demand was raised by 50 million bushels [...]

Net U.S. corn export sales reach six-week high

For the week ending Jan. 23, net corn sales were at a six-week high 1.2 MMT (48.6 million bushels), up 23 percent from the previous week and nearly double the prior four-week average. Unknown destinations accounted for the most volume at 345,000 MT with [...]

WASDE: Higher corn & soybean yields

The January WASDE report was slightly surprising in terms of corn with many expecting more bullish numbers. Instead, USDA raised 2019/20 corn yield to 168.0 bushels per acre (bpa), up 1 bpa from the December estimate. The industry was expecting yield to be 2 [...]

Meal delivery: The future of prepared food

Delicious, personalized, chef-created meals in the comfort of your own home: That’s always been the driving factor behind American demand for to-go restaurant food. Convenient apps have led to a huge rise in consumer demand for delivered restaurant meals: According to a September Forbes [...]

Will re-export values decline in 2020?

Re-export credit values have been one of the bright spots for sugar-containing products for exporters that participate in USDA’s re-export program, especially since the Suspension Agreements with Mexico were put in place. Over the last ten years, spot re-export credits using a formula of [...]

December hog population up 3 percent YOY

In the recent Hogs and Pigs report, USDA put the U.S. swine herd at 77.34 million head as of Dec. 1, down less than half a percent from the Sep. 1 count and up 3 percent from December 2018. The average growth rate for [...]

Mexico behind modest boost to corn export commitments

Mexico has booked more than a million metric tons of corn in two separate weeks this season, but even so, average weekly orders, at 340,400 MT, remained 10 percent below the same period last season. On the other hand, South Korea has yet to [...]