In its survey of the cost of a Thanksgiving meal, the American Farm Bureau Federation (AFBF) estimated the cost of ingredients for a ten-person meal at $53.31 ($5.33 per person), the highest price in the survey’s 36-year history. The 2021 estimate is up 13.7 [...]
Stocks of non-orange juice concentrates at the end of August were just 276.4 million pounds, nearly unchanged from July and the lowest level for the month since 2015. In common with other imports coming into the U.S., Gulf access for apple juice (the largest [...]
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 [...]
Through April, the U.S. had imported 239 million single-strength-equivalent gallons of apple juice, down 28 percent from 2019/20 to date and the lowest volume for Q1-Q3 in many years. Imports have been trending lower since 2018, under pressure from the trade dispute with China [...]
In its May citrus report, USDA made no changes to estimated domestic orange production. Florida early-midseason orange production in 2020/21 is seen at 22.7 million 90-lb boxes, California at 42.0 million 80-lb boxes, and Texas at 1.0 million 85-lb boxes. For Valencia oranges, 2020/21 [...]
On Apr. 1, most-active May-21 FCOJ futures settled at a one-year low of 109.95, 3.3 cents below the 20-day average. RSI was neutral and near a five-week low at around 41 percent. The lower Bollinger Band suggests support around 108.00, with additional support near [...]
On Tuesday, Feb. 2, most-active Mar-21 FCOJ futures settled at 106.85, the lowest spot pricing settle since September and the lowest settle for the March contract in over ten months. Tuesday’s settle was 0.17 cents below the lower Bollinger Band, indicating the contract is [...]
This month, USDA lowered its 2020/21 early-midseason orange production forecast to 20.0 million 90-lb boxes for Florida, down 2.0 million boxes from the December estimate and down 3.0 million boxes from the November estimate. Florida’s Valencia orange production estimate remains at 34.0 million boxes, [...]
