U.S. corn exports at three-week low

For the week ending Apr. 7, U.S. weekly corn exports were just under 1.6 MMT (63.0 million bushels), a three-week low and down 14 percent YOY. Cumulative U.S. exports reached nearly 35.4 MMT (1.394 billion bushels), down 6.4 percent YOY. Net weekly export sales [...]

Soybean planting gets underway in Illinois, Iowa

Planting of 2022/23 soybeans remained behind average pace as of Apr. 24 due to a slow start in Illinois and Iowa, which were both just 1 percent planted vs. their five-year averages of 8 percent and 3 percent. Indiana soybean plantings had yet to [...]

Runaway prices at pump result in broken campaign promises

Over a year into Biden’s first term in office, prices for crude oil have more than doubled, moving from $50 per barrel (bbl) to over $100 per bbl, and gasoline prices have followed that same trajectory. With consumers now paying more than $4 per [...]

Wild bullish week for soy complex

Futures activity May-22 soybean meal futures ended last week at $458.80 per short ton, down 1.5 percent from Monday’s close. The May soybean oil contract set a new high of $0.8326 per pound. S&D and fundamental factors The Rosario Grain Exchange raised its 2021/22 [...]

India 2021/22 sugar production projected stronger at 35 MMT

In a new estimate, ISMA sees total 2021/22 sugar production at 35.0 MMT—some 1.5 MMT above our most recent estimate. The new forecast is based on improved cane tonnage and strong sugar recovery (i.e., sugar content) even though total planted area has not grown [...]

March soybean crush eked out a record

NOPA processors crushed 181.8 million bushels of soybeans last month, up 10 percent from February and up 2 percent from March 2021 and surpassing the previous record for March set in 2020 of 181.4 million bushels. Cumulative Sep-Mar crush totaled 1.23 billion bushels, up [...]

Western Europe first-quarter cocoa grind off to the races

Results for cocoa beans processed and converted into various chocolate products during Q1 are starting to be reported. Cocoa processors across Europe reported a total of 373,498 MT of beans consumed during Q1 2022, 4.4 percent above the prior year. The results reported also [...]

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