Mexico sugar output down 8% YOY as of late February

Early 2023 estimates of Mexico’s sugar production leave much to be desired. Even though harvest area is not up year on year, Mexico’s sugar production is still lagging last year’s pace and the multiyear average for this date. The real culprit behind the lag [...]

Update on beverage & junk food taxes around the world

The new ultra-conservative Israeli administration immediately canceled a soft drink tax (and a tax on disposable plasticware) without any public consultation and was criticized by domestic and international health experts. Following a November 2022 vote, Colombia will be rolling out a tax in July [...]

Corn exports reflect stronger shipments to Mexico

U.S. 2022/23 corn exports saw their strongest week to date during the week of Mar. 2, with over 1.05 MMT shipped. Sales were also good, at 1.41 MMT. Total commitments stood at 30.65 MMT (1.21 billion bushels). High exports during the week of Mar. [...]

Value of HFCS-55 exports to Mexico up 16% in 2022

The U.S. exported over 666,250 MT (dry weight) of HFCS-55 to Mexico last year, about the same volume as exported in 2021 and 86 percent of total 2022 HFCS-55 exports. On a per-pound basis, HFCS-55 exports to Mexico in 2022 averaged higher than 2021’s [...]

Corn prices continue to tumble

Corn prices continue to fall as crop forecasts are cut and recessionary fears influence the market. Corn futures slid further this week, with the May 23 contract falling. Corn export sales were sizable last week, though this comes as USDA lowered the export estimate [...]

ICCO releases 2022/23 S&D forecast

The International Cocoa Organization (ICCO) released its latest cocoa statistics in late February. Comments note concerns over the macroeconomic picture around the world and slowing demand. Versus 2021/22, ICCO sees total 2022/23 world cocoa output growing 4 percent, not a bad recovery after recent [...]

EPA policy may reduce soybean oil demand

Soybeans are an important and widespread oilseed crop in the U.S., due, in part, to soybean byproducts. Soybean meal serves as feedstock for livestock and soybean oil can be converted into biodiesel and renewable diesel. Biodiesel and renewable diesel differ in their refining process, [...]

2023 Spring Market Seminar: Action, drama, & the thrill of commodities!

On Wednesday, April 26, 2023, McKeany-Flavell is hosting our annual Spring Market Seminar! This yearly seminar has been illuminating the world of commodity markets since 2015. Join us as we uncover the motivations behind market developments in corn and corn wet milling, sugar, edible [...]

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