Higher ethanol stocks reflect demand slowdown

Weekly ethanol production and use for blending were down 1 to 2 percent during the first half of March, while stocks rose to 26.4 million barrels as of Mar. 10—a record level for the week and close to the highest level for March, which [...]

Decline in FAO Food Price Index

FAO’s world Food Price Index, adjusted for inflation, fell 0.6 percent in February and was down 9.7 percent YOY; this marks the 11th straight month of falling prices in FAO’s reporting. The cereal index fell for a fourth straight month in February. Wheat strengthened [...]

NOPA February crush below average estimate

February soybean crush, slightly below analysts’ expectations: At 165 million bushels, soybean crush was the second highest for the month, behind February 2020 (166.3 million bushels). NOPA processors crushed 13.6 million fewer bushels last January and 357,000 bushels more in February 2022. The average [...]

Corn futures see end-of-week recovery

Global economic and environmental factors have created a positive environment for U.S. corn exports while corn futures ended the week on stable footing. May-23 corn ended the week up $0.10, meanwhile, Dec-23 futures ended the week right where they started. For the week ending [...]

Soybean exports slow seasonally

Soybean exports for the week of Mar. 2 slowed down by 34 percent from the previous week, putting accumulated shipments at 42.1 MMT (1.5 billion bushels). March started with soybean export volumes to China down by 36 percent week over week. China’s share of [...]

McKeany-Flavell Hot Commodity Podcast

Tune in to McKeany-Flavell's Hot Commodity Podcast Series! If you want to become more familiar with the world of commodities and empower yourself with market knowledge, the Hot Commodity podcast has what you’re looking for. Join us as we discuss fundamental and technical factors [...]

World sugar futures climb

Earlier this month, May-23 and Jul-23 #11 world raw sugar futures reached fresh contract highs. World sugar showed little in the way of unequivocally bullish factors, however, so amid moderate-volume trading and with oil closing lower over the week, technical trading and noncommercials were [...]

USDA tweaks Florida citrus forecast

In the March Citrus report, USDA’s only changes were modest hikes to Florida production. For non-Valencia oranges, USDA raised Florida’s 2022/23 production by 100,000 boxes to 6.1 million boxes, down 67 percent YOY. The state’s Valencia forecast was left unchanged at just 10 million [...]

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