Daylight Savings, Thanksgiving, and the first snowflakes of the season are all harbingers of winter, and along with it, the first decline in nationwide natural gas stocks in the U.S. Energy Information Administration (EIA) natural gas storage report. An Arctic air mass descended from [...]
While 2021/22 continues to look bullish for the soy complex, some early indications of the proverbial “light at the end of the tunnel” may be taking shape. Thus far, soybean oil yield appears to be on the higher side of the historical range, with [...]
As of mid-November, through the second week of Mexico’s 2021/22 sugarcane campaign, six mills had begun crush. Save for cane tonnage, results to date are lagging CNDSCA forecasts; two mills began crush three and ten days late, respectively. Caution: Early crop figures are not [...]
This week’s USDA milk production report provided more bullish fuel as the national herd fell by a further -14,000 head to 9.4 million cows across the country, and milk yield, the volume of milk per cow per day, also fell below Oct 2020 levels. [...]
Futures activity Dec-21 futures ended last week lower by about $0.06, at $5.7075 per bushel. Although Dec-22 futures were also lower for the week, they closed Friday minimally higher at $5.5425 per bushel. S&D and fundamental factors The Rosario Exchange is projecting Argentine corn [...]
In its survey of the cost of a Thanksgiving meal, the American Farm Bureau Federation (AFBF) estimated the cost of ingredients for a ten-person meal at $53.31 ($5.33 per person), the highest price in the survey’s 36-year history. The 2021 estimate is up 13.7 [...]
In the week ending Nov. 5, ethanol blending and refining use was at 893,000 barrels per day (bpd), the lowest weekly volume since mid-May and about 1 percent below the five-year average. Lower use helped ethanol stocks rise to a two-month high of roughly [...]
Soybean exports during the week ending Nov. 4 easily surpassed the previous high set last year. Over 2.3 MMT, or 63 percent, of the week’s shipments were destined for China—the fifth consecutive week of higher volumes sent there. China is not adding greatly to [...]
