In West Africa, growers are hoping that dry weather will be broken by some gains to bolster bean sizing and quality in the midcrop. A more prolonged dry period could threaten tree health and pod-setting for the new main crop. ICCO estimates 2019/20 production [...]
Growers had planted 8 percent of forecast U.S. soybean acreage as of Apr. 25, tracking last season’s early pace and a few points ahead of the five-year average. Last spring, planting moved along very quickly during May; usually, soybean planting speeds up after most [...]
On Tuesday, Apr. 26, most-active Jul-21 corn futures settled at $6.5450, down 3 cents from Monday’s contract-high and 41 cents below the nearby May-21 contract settle of $6.9550. Dryness in Brazil has been the main driver behind rising corn futures. Some in the industry [...]
Two USDA reports this week highlighted how milk production across the country is at peak seasonal levels as inventories and herd continued to swell. We saw a further expansion in the herd of 8,000 head across all 50 states to a new record high [...]
Futures for soybeans and soybean oil lifted off last week just like the SpaceX rocket that took flight Friday in Cape Canaveral. Soybeans rallied to $15.39 per bushel, up $1.06 from Monday to Friday’s close, and have increased $1.55 since Apr. 12. Equally as [...]
On Apr. 22, ASR Group announced that processing resumed at its Baltimore, MD refinery following a fire that caused the collapse of a raw sugar storage structure on Apr. 20. Per the press announcement, the refinery is operating, and in-process (IP) product has or [...]
As of Apr. 15, Argentina’s corn harvest was up just 2 points on the week to 14 percent harvested vs. a five-year average of 25 percent. Argentine soybean harvest was up 4 points on the week to 7 percent harvested vs. a five-year average [...]
The past year has been tough on everyone, and the confectionery industry has been no exception. Global cocoa grind, a measurement of confectionery demand, contracted nearly 3 percent in 2020, with many traditional routes to market such as impulse purchases and food service disrupted [...]
