Soybean exports for the week of Mar. 2 slowed down by 34 percent from the previous week, putting accumulated shipments at 42.1 MMT (1.5 billion bushels). March started with soybean export volumes to China down by 36 percent week over week. China’s share of [...]
Intense heat across Europe is boosting demand for electricity, and drought-stricken areas are dealing with low water levels in rivers hindering barge deliveries of coal to power plants. Higher air-conditioning use is preventing a buildup of natural gas stocks ahead of winter, and storage [...]
Futures activity Sep-22 soybean futures were volatile last week but closed at $14.8875 per bushel. Dec-22 closed at $14.04 per bushel. S&D and fundamental factors NOPA soybean crush was 170.22 million bushels, up 9.7 percent YOY and 3.4 percent from the month prior. Oil [...]
Historically a major sugar supplier, Thailand saw its exports climb above 10 MMT in 2018 and 2019 thanks to back-to-back crops above 14 MMT. Drought lowered its 2019/20 crop to a ten-year low of under 8.3 MMT, however, halving its exports that season. With [...]
NOAA’s August outlook calls for above-average rain in the eastern Grain Belt and average rain in most other areas. Below-average rain is expected in the western Dakotas and in western Nebraska as the drought continues. Above-average temperatures are forecast across the northern region and [...]
Results from Mar. 5 GDT auction showed continued resilience for the bullish trajectory of prices out of New Zealand. Across dairy ingredients, prices were up on average 3.3 percent, with particular strength in fat-containing products. Two core export commodities of Fonterra, anhydrous milkfat and whole [...]
California grape growers continue to harvest wine and table grapes; picking will last into next month. Raisin grape harvest is complete, and fruit is being sun dried. Vineyards this season benefited from good rain volume in February, and bloom lasted longer than usual due [...]
Multiple states in Mexico have seen some of the highest temperatures in decades in recent months. The Ag Ministry has stated that oranges may have been among the most affected crops, as the heat has stressed trees and reduced harvest volumes. Official figures for [...]
