Sugarcane crush in Brazil’s center-south was down nearly 10 percent YOY from April, the start of the campaign, through mid-October. Cumulative sugar output is down 12.5 percent YOY at 30.3 MMT. The sugar share of cane crush for the season to date is 46 [...]
As of Oct. 24, two-thirds of the U.S. corn crop had been harvested, up 14 points from the previous week and up 13 points from the five-year average for the week. While a one-week, 14-point gain in corn harvest progress is not unusual, it [...]
In early 2020, before the pandemic upended things, Mexico seemed to be on track to import usual volumes of high fructose corn syrup, at least of refined-sugar-substitute HFCS-55, used mainly in soft drinks. The U.S. had already abandoned earlier (circa 2012) hopes of robust [...]
Key industry reports released this past week provided additional fuel to bulls in dairy, bolstering prices. Domestically, the milk production report surprised many with a significant reduction to last month’s August estimate of herd and a further decrease for the current month. In total, [...]
Futures activity Spot corn futures opened last week at $5.16 per bushel and rose to $5.38 per bushel by close Friday, up 22 cents per bushel on the week and testing one-month highs. S&D and fundamental factors Corn export sales have begun to pick [...]
The first official crop forecast for Mexico’s 2021/22 crop shows production at 6.116 MMT, up from estimated 2020/21 production of 5.715 MMT (USDA). This 2021/22 forecast is also up from the recent USDA forecast of 5.940 MMT. Favorable weather conditions to date had been [...]
As of Oct. 21, average U.S. CBD isolate pricing was steady month on month, remaining 3 percent below prices seen in early August and 13 percent below the calendar-year high in January. To better understand public health issues around CBD and other cannabinoids, FDA [...]
Pent-up Halloween spirit (and spirits?) may elevate candy purchasing this month to a record $3 billion, according to the National Retail Federation’s annual spending survey. The CDC is cool with trick-or-treating this year (with the caveat, of course, to respect local regulations), and 66 [...]
