NOPA July crush increases, above average expectations

July 2023 soybean crush was above analysts’ expectations: Soybean crush increased for the month of July with about 173.0 million bushels crushed in July 2023, due to seasonal maintenance and repairs at processing plants. This year has recorded the highest July soybean crush since [...]

Slight weakness for Mexican sugar reference prices

Mexico sugar reference prices have weakened further, enough to bring them down below the four-week average.  After five weeks of lower prices for estandar, August pricing to date is down about 1.5 percent from the July average.  Through July, CNDSCA estimates domestic sugar consumption [...]

June CPI up 0.1% for all food down 0.1% for food at home

ERS estimated the Consumer Price Index (CPI) for all food up about 0.1 percent in June, nearly flat on a minimal drop of 0.1 percent in the price of food at home mostly offset by a more aggressive appreciation of 0.4 percent for prices [...]

2023 FCOJ contracts find support at 20-day average

In the first week of August, Sep-23 FCOJ drifted lower from its late-July contract high near 317.75 cents per ps, finding support the first week in August below 300.00 and above the 20-day moving average. On Aug. 10, the contract settled down 0.10 from [...]

Nonfat dry milk inventories continue to trend lower

The August dry products report showed the fourth consecutive decline in human nonfat dry milk inventories, falling another 4 million pounds to 296 million across the country. Amidst a backdrop of increased culling, depressed dairy prices, and scorching summer temperatures, the U.S. dairy industry [...]

Dec-23 NY cocoa futures continue to drop

At the end of trading on Aug. 9, the Dec-23 NY cocoa contract closed at $3,363 per MT, $134 lesser than Aug. 7’s close and $23 below its session open. RSI is neutral at 54.8 percent, with MACD bearish and the stochastic bearish but [...]

Record use of soybean oil for biofuel in May

EIA reported that biodiesel and renewable diesel producers used 1.14 billion pounds of soybean oil in May, the first time that monthly biofuel consumption of soybean oil has surpassed 1 billion pounds. Renewable diesel accounted for 478 million pounds, or 42 percent, of soybean [...]

Go to Top