January HFCS exports rebounded from weak December

HFCS exports picked up a bit in January, totaling 77,914 metric tons, dry basis: 72,688 MT of HFCS-55 and 5,225 MT of HFCS-42. HFCS-55 shipments were up 16 percent from December and up 13 percent year over year, while HFCS-42 exports were down 9 [...]

WASDE: Limited changes for corn & soybeans

For the second consecutive December, USDA made no changes to the domestic corn balance sheet. Despite the industry expecting slightly lower 2020/21 ending stocks, the forecast remained at a seven-year low of 1.702 billion bushels. Globally, USDA lowered its 2020/21 world corn production forecast [...]

Thinking about fall & maple syrup

This week, we move out of the dog days of summer, although cooling trends may be hard to spot in the western half of the country. Let’s just imagine some invigorating chill in the air and maple syrup-scented fall root dishes…cookies would be good, too. [...]

Record world wheat supplies may impact export values

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 [...]

How far out are pending trade agreements?

U.S.-Japan: On Monday, Sep. 16, President Trump informed Congress that he had reached an initial trade deal with Japan. The president noted his intent to sign an agreement before the end of September with a key goal being “more fair and reciprocal trade” between [...]

Trouble with China triggers decline in Canadian canola acreage

Canada is projecting new-crop canola plantings at 21.3 million acres, down 7 percent from 2018/19 and the lowest level in three years. The industry had expected some reduction, but it was a bit more extensive than expectations. Many growers are shifting acreage to wheat—spring [...]

Updates on sugar & beverage taxes in North America

In the U.S., Connecticut’s governor is backing a proposed sweetener beverage tax of 1.5 cents per ounce—part of a series of taxes on e-cigarettes and related supplies, some bottled alcoholic beverages, and even plastic bags. The governor’s office estimates revenue for the sweetened beverage [...]

Canada on track to record canola crush

Canadian canola processors crushed over 820,500 metric tons of the oilseed in November, up 18 percent from October’s volume and up 2 percent from November 2017. Although crush and oil and meal production have slowed down since summertime’s blowout pace, and Sep-Oct processing volumes [...]

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