Corn export sales see slow start to season

U.S. trade partners appear to be holding off buying 2022/23 corn: Sales were a mere 182,339 MT during the week of Sep. 15 (7.2 million bushels), well below average for the week. Outstanding sales to Japan were 854,000 MT as of Sep. 15, compared [...]

Natural gas stocks finally turn the corner as spring arrives

Having passed the official start of spring, natural gas stocks in underground storage across the U.S. finally posted their first gain since last fall in Thursday’s EIA report. Nationwide stocks showed a 26 billion cubic feet (Bcf) bump over last week, with six out [...]

Corn export sales are low vs. least season

For the week ending Feb. 10, U.S. net weekly export sales were 820,041 MT (32.3 million bushels), down about 18 percent YOY. Outstanding sales were just under 24.2 MMT (952.7 million bushels), down 32 percent YOY. Top buyers for the week included Japan (600,200 [...]

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 [...]

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