Natural gas build slows as temperature rise

Tropical Storm Isaias (the ninth named storm, a record this early into the North Atlantic hurricane season) combined with an oppressive heatwave across much of the eastern U.S. to slow EIA natural gas stock build to a nominal 26 billion cubic feet (bcf) build [...]

Ivory Coast updates: Will Gbagbo run? Will Ouattara?

Former Ivorian president Laurent Gbagbo has applied for a passport so he can visit Ivory Coast, according to a statement by his lawyer reported by CGTN. Gbagbo, ousted after refusing to recognize an election won by current president Alassane Ouattara in 2010, was acquitted [...]

CBD prices continue to drop, favoring consumers

Since March’s onset of shelter-in-place orders, an uptick in consumption may be supporting CBD prices.  In a Brightfield Group survey of 5,000 CBD consumers, nearly 40 percent reported increased use during the pandemic. However, higher consumption seems unable to keep up with the growing [...]

Dairy cows swoon with July summer heat

USDA’s July milk production report showed a continued decline in the nation’s dairy herd as the 24-state dairy total fell by 9,000 head. With the spring flush now over and summer heat curbing milk output, farmers have fewer incentives to keep marginal producers within [...]

Soybean exports have a big week

Tensions between the U.S. and China continued as the U.S. demand for the closure of China’s Houston consulate was met with a retaliatory demand for the closure of the U.S.’s Chengdu consulate. Amidst the friction, China purchased a hefty volume of U.S. soybeans last [...]

Broiler production recovering, egg production still down

Broiler hatches during the month of June totaled 828.3 million chicks, up 3 percent from May and nearly the same count as a year ago. Broiler eggs in incubators as of Jul. 1, at 700.5 million eggs, were up almost 1 percent year over [...]

World sugar consolidates after recovering from six-week low

On Tuesday Jul. 14, Oct-20 #11 hit a six-week low with a close at 11.32. The contract rebounded to longer-term retracement resistance above 11.80 the next day but failed tests of higher levels, turning instead to a four-session decline to retracement resistance below 11.65. [...]

South American corn harvest leads to export activity

As of Jul. 16, Argentina’s corn harvest was over 90 percent complete. Production is still forecast at 50 MMT by both USDA and Bola de Cereales. Weekly Argentine corn exports reached a calendar year high in late June of over 1.9 MMT but have [...]

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