Argentina in need of rain, Brazil okay for now

Most corn and soybean producing areas in Argentina are not expected to receive adequate rain during the next two weeks, which is unfavorable for planting and early crop development. The area stretching from San Luis, across Cordoba, and into southern Sante Fe may see [...]

Updates on cocoa arrivals & weather for Ivory Coast

We estimate October-November Ivorian arrivals near 755,000 MT, up nearly 8% YOY. Ghana purchases may be below 300,000 MT, down about 9% YOY. As a result, total output for the period from the two countries may be near 1.05 MMT, up around 2% YOY. [...]

CBD isolate pricing rises despite drop in sales

As of Dec. 21, average daily U.S. CBD isolate prices were at a five-month high and almost 10 percent higher than they were in October. U.S. sales of food and beverage products containing CBD or hemp were down 75 percent YOY as of early-December, [...]

Apple juice imports/stocks rose in October

The U.S. imported close to 22.0 million single-strength-equivalent gallons of apple juice in October, up notably from very low volumes imported during the first two months of the 2020/21 marketing year but down 4 percent from October 2019. A little over a third of [...]

Corn rises to new highs

Corn futures closed higher each day last week off support from soybeans, the weakening dollar, and extended weather forecasts showing drier conditions in South America. The soybean rally picked up last week, and the market is trading above $12 per bushel for the first [...]

November milk production blows away estimates

USDA milk production report this past week showed numbers through November across all fifty states ending on a high note for the year. Dairy herd rose by 12,000 head from last month is now 46,000 head above the level at the start of the [...]

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