Food Price Index fell in December but was up 26% YOY in 2021

In December 2021, FAO’s world Food Price Index (FPI), adjusted for inflation, fell by almost 1 percent from November, ending a four-month streak of gains averaging 2 percent per month. December’s decline came on weaker pricing for meat, cereal, oils, and sugar, influenced by [...]

2021/22 world palm oil stocks lowered to 12.8 MMT

USDA lowered projected 2021/22 world palm oil stocks by 149,000 MT in the January oilseeds update. A decline in Malaysian palm oil production was the major factor in the adjustment. Production in Malaysia is now forecast at 18.7 MMT, down 1.0 MMT from the [...]

Soybean oil edible use up 9.5% in November

Over 1.17 billion pounds of soybean oil were removed from stocks (a proxy for monthly utilization) in November for use in edible applications. Soybean oil removed for inedible use was up from October but down year over year as yellow grease and distillers corn [...]

World Food Price Index up 1.2% in November, up 25% year on year

FAO reported November’s world Food Price Index (FPI) up 1.2 percent from October’s FPI. Year to date, the 2021 FPI is up about 25 percent from 2020 and up 27 percent from the five-year average (adjusted for inflation). Year to date, the subindexes showing [...]

November soybean oil production set record for month

NOPA members reported crushing 179.5 million bushels of soybeans last month, down 2.5 percent from October and down 1 percent year over year. This season’s strong oil yield, however, allowed soybean oil production to top 2.11 billion pounds, up 5 million pounds from November [...]

WASDE, EPA biofuel news drive soybean market

Futures activity Last week’s trading activity was a mixed bag for the soy complex. Jan-22 soybean futures ended the week at $12.6775 per bushel, nearly identical with the week ending Dec. 3. Soybean meal closed at $366.80 per short ton, up $14.20 per ST [...]

Potential bullish factors for the soy complex

While 2021/22 continues to look bullish for the soy complex, some early indications of the proverbial “light at the end of the tunnel” may be taking shape. Thus far, soybean oil yield appears to be on the higher side of the historical range, with [...]

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