Cocoa: Big crops meet big grind in second quarter

Improved weather, with rains returning from mid-June to early July, has brought relief to farmers across Ivory Coast. Recent crop estimates now place cumulative arrivals in Ivory Coast approaching 2.25 MMT to 2.30 MMT (gross), and Ghana purchase figures are expected to top 900,000 [...]

Weather, edible oils supply will drive soybean futures

Futures activity Soybean futures rallied last week, driven by weather concerns and impact on yield. Aug-21 soybeans closed Friday at $14.5475 per bushel, up from $14.04 on Monday. Aug-21 soybean meal closed the week at $363.20 per short ton, and Aug-21 soybean oil settled [...]

Strong cocoa Q2 2021 grind rebounds in Europe & North America?

This week, ECA reported European Q2 2021 cocoa grind is at a record 356,854 MT, down 0.3 percent from Q1 grind of 357,815 but up 13.6 percent from Q2 2020 YOY. German Q2 grind had been reported at 93,064 MT of beans, up 18 [...]

NOAA’s August outlook features northern heat

NOAA’s August outlook calls for above-average rain in the eastern Grain Belt and average rain in most other areas. Below-average rain is expected in the western Dakotas and in western Nebraska as the drought continues. Above-average temperatures are forecast across the northern region and [...]

May tapioca starch imports were near record

Imports of clean-label (non-GMO) starches continue to trend higher despite a slow start to 2021 for most varieties. Imports of potato and tapioca starches together supplied 244,691 MT to the market in 2020: 132,740 MT of potato starch (up 14 percent year over year) [...]

Speculative funds liquidate half their cocoa positions

This past week’s CFTC report showed that funds had liquidated half of their remaining futures this past week, taking net positions to their lowest in nearly nine months. Abundant rains are improving the prospects for the upcoming West African main crops, and lower than [...]

Corn ending stocks adjusted in July WASDE

In the July WASDE, the 2020/21 U.S. corn ending stocks estimate was lowered 25 million bushels to just 1.082 billion bushels, an eight-year low, because of burgeoning corn feed demand. For 2021/22, U.S. corn production is seen at 15.165 billion bushels, up 175 million [...]

Finally a break for world food prices?

Adjusted for inflation, FAO’s Food Price Index fell in June by 2.5 percent, ending a 12-month runup for world food prices. The decline came from a strong drop for vegetable oils, down nearly 10 percent from May pricing, and smaller drops for cereals and [...]

Go to Top