Soybean exports picked up during the week of Nov. 17 after a big drop in volume the previous week. Net soybean export sales, on the other hand, slowed drastically by more than half the value realized in the preceding week. China’s weekly share of [...]
After more than a month of sluggish corn export sales to Mexico, net sales during the week of Nov. 17 shot up to 1.70 MMT, the highest volume of weekly corn orders Mexico has logged to date. These sales lifted Mexico’s outstanding purchases to [...]
The shortened Thanksgiving holiday week brought mostly good news for buyers of dairy products. USDA’s November milk production report showed total heifers in the U.S. rising to a 12-month high of 9418 million head. As we had forecast, herd levels are now up from [...]
The cost of ingredients for a ten-person Thanksgiving meal hit a new record this year, as estimated through the American Farm Bureau Federation’s survey. The 2021 cost was a record $53.31 ($5.33 per person), and the estimated 2022 cost surpassed at $64.05 ($6.41 per [...]
Mexico placed orders for a net 919,837 MT of corn during the week ending Nov. 10, the highest weekly net for this season to date. Outstanding sales to Mexico ended the week at 4.8 MMT, down 17 percent year over year; during the previous [...]
For the first time this year, natural gas storage underground reached 2021 levels and seems set to catch up with the five-year average. Atypically warm weather across much of the eastern U.S. during October and the first half of November allowed a greater build [...]
Futures activity Jan-23 soybeans closed last Friday at $14.28 per bushel, down 12 cents from last Monday. Dec-22 soybean oil ended the week down more than 3 cents at $0.7274 per pound. S&D and fundamental factors NOPA crush was 184.5 million bushels in October, [...]
The soybean crop harvest was nearly complete in all the top-producing states as of Nov. 13 and 96 percent complete on average across the U.S. vs. the five-year average of 91 percent. This report was the last one for 2022/23 soybeans. Corn harvest is [...]
