As of May 12, cumulative 2017/18 FCOJ movement was 187.0 million pounds solids (ps), down 23 percent from 2016/17 to date. Most-recent four-week domestic bulk movement was 24 percent lower than last year, and retail movement was down by 4 percent. Given this season’s reduced production, it’s not a surprise that U.S. exports are down sharply; at 10.3 million ps, cumulative exports were 81 percent behind last season’s pace (which were elevated because of supply problems in Brazil last year) and 70 percent below the five-year average. Slower movement coupled with this season’s 28 percent surge in imports has led to a sharp season-over-season increase in inventory, which, at 267.4 million ps, was up 24 percent.

Weekly FCOJ movement

Source: FDOC
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.