September FAO food price indexes up across the board

Led by cereals, vegetable oils, and dairy, all FAO food price subindexes were up in September. Though gains were modest, the aggregate Food Price Index (FPI) still rose over 1 percent from August. (All values are adjusted for inflation.) The FPI showed monthly gains [...]

Post-report pressure on soybean, soy meal futures

Futures activity Nov-21 soybean futures came under extreme pressure after Thursday’s Grain Stocks report, settling the week at $12.4650 per bushel, down 41 cents per pound from Monday. Soybean meal futures also took a hit as the Dec-21 contract closed last week lower by [...]

Sugar index leads gains in August rebound of Food Price Index

Adjusted for inflation, FAO’s Food Price Index (FPI) rebounded strongly in August after slight declines in June and July. These two down months, however, followed a full year of monthly gains. Source: FAO Among the subindexes, sugar saw the most significant gains in August. [...]

August soybean crush beat expectations

NOPA members crushed 158.8 million bushels of soybeans last month, higher than estimates ahead of today’s report by about 4.5 million bushels. NOPA's cumulative crush for the 2020/21 Sep-Aug soybean marketing year ended at 2.02 billion bushels, meaning total U.S. crush was likely around [...]

Soybeans end the week near where they started

Futures activity Spot soybean oil futures also moved off five-month lows from $0.5578 cents per pound to $0.5629 per pound as of close Friday. Prices this time last year were near 35 cents per pound. S&D and fundamental factors August NOPA soybean crush came [...]

U.S. supply chain overwhelmed by demand

Commodity inflation has been challenging enough over the past year, but supply chain issues have multiplied the increase through higher direct costs as well as premiums associated with receiving the product on time. Sourcing U.S.-produced goods may help to soften the impact, but even [...]

U.S. palm/palm kernel oil use holding onto 2020 boost

U.S. edible oils processors increased consumption of refined palm and palm kernel oils starting in June 2020, around the time that use of soybean oil for biofuels shot up. Between June 2020 and June 2021, processors removed 3.0 billion pounds of refined palm oil [...]

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