USDA estimates U.S. corn stocks as of Mar. 1 were 8.6 billion bushels, with 5.1 billion stored on-farm and 3.5 billion off-farm. This stocks volume is 3 percent lower than a year ago but 4 percent higher than the average of analyst expectations, which [...]
While trade tensions between U.S. and China are not yet settled and NAFTA’s replacement, USMCA, has not been ratified, exports of dairy products that would normally be shipping to these two key destinations have been lagging. Following U.S. steel and aluminum tariffs, China and [...]
With half of March left in the center-south sugarcane campaign, sugar production is reported at 26.38 MMT for 2018/19, down 26.5 percent from production last season. While cane crush is reported down just 3.8 percent from April through mid-March, the sugar share now stands [...]
Heavy precipitation during the fall and winter of 1992/93 saturated Midwestern soil and raised reservoir levels. Then excessive spring and summer rainfall inundated 400,000 square miles, flooding that persisted throughout much of the growing season in the Corn Belt. Iowa was hit very hard [...]
FAO reported its sugar price index at 152.8 (deflated), up from January, enough to bring it to a ten-month high but still down 4.3 percent from February 2018. The sugar index has now reached a 22-month streak of YOY declines, just one month shy [...]
Bean stocks in U.S. warehouses has climbed seasonally as main-crop cocoa arrivals progressed. Though still short of record levels, bean stocks are firmly within the range of the past several years and close to 4.5 million bags. Stocks of cocoa seem ample as the [...]
Ethanol production averaged just over 1.0 million barrels per day during the week ending Mar. 15, holding steady from the week before but down 4 percent year over year. Use by blenders and refiners dipped to 909,000 barrels per day, down 1 percent from [...]
USDA estimates sugar deliveries for food use shrank by half a percent in 2017/18 and as of last WASDE forecasts a 0.6 percent increase for that volume in 2018/19 at 12.125 million STRV. This volume is unchanged from forecasts in the previous months, though [...]
