Global dairy strength propping up domestic market

In Fonterra Global Dairy Trade online auction events of the last two months, prices for dairy products have surged just over 16 percent. Last week’s event was no exception, with prices advancing up an impressive 4.8 percent overall. Category leaders included anhydrous milkfat (up [...]

Soybean exports totaled 37.3 MMT ahead of the holidays

As of Dec. 24, the U.S. had exported 79 percent more soybeans this season than last year to date. Most-recent four-week exports totaled 10.2 MMT, down slightly from the four-week total for November. Of the 2.4 MMT exported during the week of Dec. 24, [...]

Apple juice imports/stocks rose in October

The U.S. imported close to 22.0 million single-strength-equivalent gallons of apple juice in October, up notably from very low volumes imported during the first two months of the 2020/21 marketing year but down 4 percent from October 2019. A little over a third of [...]

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 [...]

Will funds continue to liquidate soybean commitments?

Holiday weeks and the end of the year in general are notorious for volatility and fewer market participants. Those factors are likely behind the price swings we’ve seen just this past week. Focusing on the longer term, the question is whether funds are done [...]

24.2 MMT of 2020/21 soybean exports already sold

As of Aug. 27, the U.S. had pre-sold 24.2 MMT of new-crop soybeans, beating the previous sales record set in 2013/14 of 23.9 MMT of 2014/15 soybeans. USDA is currently forecasting 2020/21 U.S. soybean exports at 57.8 MMT (2.125 billion bushels), a return to [...]

Soybean exports closing out August on high note

The U.S. exported 1.28 MMT of soybeans during the week of Aug. 20, the highest weekly volume since last December. The week’s shipments raised cumulative 2019/20 exports to 43.24 MMT (1.59 billion bushels). The season total seems poised to beat USDA’s current forecast of [...]

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