Market News Blog
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U.S. export demand for corn remains strong
Dec-23 corn futures began the week of Nov. 13 up sharply after reaching two-year lows back on Friday, Nov. 10 at $4.64 per bushel. [...]
Blazing pace for canola oil imports
EPA’s approval last December of canola oil as an advanced feedstock for renewable diesel has boosted imports in 2023. The U.S. imported 691,300 MT [...]
World sugar continues bullish trend
Most-active Mar-24 #11 world raw sugar traded sideways in the second half of October, closing Oct. 30 below its 20-day average but settling Nov. [...]
Concerns over Brazil impact soybean market
Soybean oil futures bounced around 50 cents per pound last week in relatively tame trading. The market seems reluctant to stay under 50 cents per [...]
Natural gas stocks rise despite first flakes of winter
The last week of October saw the first winter storms hit the Pacific Northwest, bringing snow and freezing temperatures from the Rockies eastward all [...]
ERS sees food price inflation slowing significantly in 2024
The September Consumer Price Index (CPI) for food was reported up just 0.2 percent from August, with food away from home leading the MOM [...]
Mexico sugar prices remain strong despite ongoing imports
Other than a brief period from mid-August through early September, Mexico’s sugar reference price has been rising since late February. Per trade sources, Mexico [...]
October net corn cost up 6.5% MOM
October feed and meal prices, at $159 and $568 per ton, respectively, were close to September levels and still much weaker than year-ago values. [...]
November WASDE shows higher corn yield
Corn outlook The November 2023/24 U.S. corn outlook is for greater production, domestic use, exports, and ending stocks. Corn production is forecast at 15.2 billion [...]
Origin GEPEX cocoa grind still growing
Although the traditional reporting regions all saw lower cocoa grind in Q3 2023, one area of the world has continued to see investment in [...]
New highs for FCOJ contracts in October
Nearby Nov-23 FCOJ reached a fresh high Oct. 13 at 385.90 cents, above prior resistance near 376.00 cents. The contract traded the week of Oct. [...]
Mexico sugar prices still up strongly through October
For October as of Oct. 24, the average price for estandar sugar was 1,513 pesos per 50 kg, up 12 percent MOM and up [...]