In the March WASDE report, USDA reported the estimated shortfall in raw tariff-rate quota (TRQ) imports at 255,000 STRV (short tons raw value) for 2022/23, or about 231,300 MTRV (metric tons raw value). TRQ volumes are assigned on a per-country basis every year, and [...]
The U.S. imported over 416,000 MT (917 million pounds) of starch last year, up 15 percent from 2020, thanks to a notable rise in potato and tapioca starch volumes, both of which are “clean label” (non-GMO) ingredients. Potato starch remained the largest category of [...]
In the May WASDE, new-crop wheat production forecasts for the U.S. and EU were both slightly down from 2019/20. However, USDA forecasted 2020/21 world wheat production at a record 768.5 MMT (28.2 billion bushels), supported by sizeable crops in Australia, Canada, and Russia, and [...]
Three weeks ago, in the heaviest time of the year for milk deliveries and production, the Global Dairy Trade auction registered broad-based weakness across the dairy complex. Prices in most categories fell just over 5 percent at that event as heavy volumes and lower [...]
Having burned through over 15.6 million acres, the Australian wildfires have forced thousands to evacuate. Fires have been particularly intense along Australia’s east coast, with New South Wales suffering severe damage and Victoria declaring a state of disaster. Coastal communities, where fires were fanned [...]
California-based TerViva has patented high-yielding pongamia trees that can yield up to ten times more oil and three times more protein per acre compared to soybeans (according to the TerViva research). Also, these trees require little to moderate amounts of water, fertilizer, pesticides, and [...]
With Brazil crushing most of its cane for ethanol this season, India is slated to be the world’s top sugar producer for the 2018/19 season. And with a lack of fresh fundamentals of any significance, news from India can move the world sugar market, [...]
Wheat usually takes a back seat to other grains; however, as the global fundamentals tighten, it is worth keeping an eye on wheat due to its correlation with other markets. Though wheat global inventories are expected to reach an all-time high of 273 million [...]
