Mexico sugar still weakening in midcrop period

At the start of this week, pricing is flat from the previous week but down almost a point from the four-week average for both estandar and refined. In August, the Ministry of Economy announced that initial export quotas to the U.S. will total 657,153 [...]

CBD pricing weakens slightly month on month

As of Sep. 15, average U.S. CBD isolate pricing is down over 3 percent since the beginning of August and down nearly 7 percent vs. this time a year ago. Despite the recent decline in pricing, the U.S. industry is still anticipating steady-to-quick demand [...]

USDA adds 35 million bushels to 2021/22 soybean crop

Last Friday's WASDE report was in line with the previous week’s market expectations for soybeans—a modest increase in production due to improved yield prospects—but fell short of this week’s hopes for higher acreage. In sum, stocks for 2020/21 ended at around 175 million bushels, [...]

Global dairy markets coming back to life for a fall rally?

With prices down some 15 percent in the second quarter and early in the third quarter, global appetite for dairy products looks to be heating up again. In Fonterra’s Sep. 7 Global Dairy Trade auction, pricing surged a whopping 4 percent, with all product [...]

September WASDE is quiet for wheat

After two previous reports that were unexpectedly eventful for wheat, Friday’s WASDE brought only modest changes to the U.S. wheat balance sheet: 2021/22 imports declined 10 million bushels from the August forecast, food use rose 2 million, and ending stocks were lowered by that [...]

WASDE: New-crop corn production & stocks raised

In the September WASDE, 2021/22 U.S. corn yield was estimated at 176.3 bushels per acre (bpa), up 1.7 bpa from August and above the average industry estimate. USDA also raised its 2021/22 harvested area estimate by 600,000 acres to 85.1 million acres. Improved yield [...]

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 [...]

Natural gas climbs after Hurricane Ida idles production

Tropical storm and hurricane activity have increased as we near the peak of the season with Grace, Henri, and Ida all making themselves felt in various ways. Most recently, Hurricane Ida made landfall in southern Louisiana as a Category 4 storm, causing destruction and [...]

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