Malaysian palm oil production and stocks keep rising while demand remains under pressure. These dynamics have pushed palm oil pricing lower over the last few weeks. October stocks—at 2.7 MMT—are well above the month prior (up by 8 percent) and last year (an increase [...]
Last week, estandar gave up 1.2 percent, while refined gave up just 0.3 percent. Estandar pricing lost 4.4 percent for this month, through Nov. 26; for that same period, refined pricing lost 2.6 percent. As of Nov. 17, seven mills have begun crushing out [...]
Though U.S. corn exports had an unusually strong start to the marketing year, they seem to be slowing down. USDA is projecting total corn exports will show a modest increase from 2.438 billion bushels in 2017/18 to 2.450 billion bushels in 2018/19. Total exports [...]
Daily ethanol production averaged 1.06 million barrels during the first half of November, up from 1.02 million barrels per day during the first half of October and nearly the same as a year ago. Ethanol manufacturers seem to be maintaining production volumes despite eroding [...]
In the first half of 2018, the food price index saw monthly YOY averaging -0.3 percent. The decline in food prices has accelerated since, and the monthly YOY decline now averages -2.8 percent from January through October. The reduction has accelerated: down 1.5 percent [...]
Based on its survey of food prices, the American Farm Bureau Federation (FB) estimates that the average cost of Thanksgiving dinner for Americans will be about $48.90 this year. This cost is based on a meal to feed ten people, making the cost per [...]
With Brazil keeping its focus firmly on cane ethanol manufacturing, the market has been keeping an eye on India, which despite weather concerns is still the heir apparent as the top sugar producer in 2018/19. News of pest damage and prior dry conditions cutting [...]
Consumption of corn sweeteners per capita in 2017 fell 1.3 percent from 2016 consumption. This decline was caused by a more dramatic drop for high fructose corn syrup (HFCS) alone, which saw a YOY decline of 4.0 percent. Consumption of glucose corn syrup and [...]
