Slight break in world food prices in April

In April, FAO’s Food Price Index (FPI) fell slightly from March, possibly a positive sign after strong food price inflation in previous months. Adjusted for inflation, the FPI was 121.8, down about 0.8 percent from prices in March. The FPI was still up 28 [...]

Ethanol use at five-week low

In the week ending Mar. 18, U.S. ethanol blending and refining use was 865,000 barrels per day (bpd), a five-week low but up 3 percent YOY. In past seasons, ethanol use usually starts rising at this time of the year. Ethanol production was just [...]

China continues to place orders for U.S. soybeans

U.S. soybean exports were a bit above the seasonal average last week, although nothing shocking. Sales remained strong, with China adding a net 395,540 MT (well above average for this time of year) and sales to unknown destinations (often China) rising by a net [...]

U.S. honey imports plummet under antidumping duties

In November 2021, the U.S. levied varying levels of anti-dumping duties on our top honey origins, effectively choking trade from Vietnam, Argentina, India, and Brazil. Imports of raw honey in November totaled 8,933 metric tons and fell to 6,271 MT in December, compared to [...]

U.S. specialty starch imports set new record in 2021

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 [...]

Soybean export sales to China higher than average

China purchased over 1.3 MMT of soybeans during Jan. 7-20, including almost 790,000 MT transferred from sales previously assigned to unknown destinations. This volume is a bit higher than usual for this time of year and may reflect China’s concern about the eventual size [...]

Corn market trading on South American weather, awaits USDA reports

Futures activity Mar-22 corn futures ended last week up 3 percent at $6.06 per bushel, maintaining the recent trend above $6 per bushel. Prices have been on a nearly steady incline since bottoming out in early September. S&D and fundamental factors WASDE is this [...]

South American weather keeps corn, soybean markets on edge

While most folks enjoyed the holidays, the grain markets, specifically corn and soybeans, experienced a notable late-year rally. Corn futures rose back above $6 per bushel and soybeans back above $13.50 per bushel. Most of the rally has been driven by a South American [...]

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