Corn slowly falls in early September

Sep-23 futures traded narrowly during the week of Sep. 4. The contract began the short week with a modest 6.2-cent gain on Tuesday, Sep. 5, to build on the turnaround that appeared on Friday, Sep. 1. On Sep. 6, nearby futures managed to close [...]

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 [...]

India 2021/22 sugar production projected stronger at 35 MMT

In a new estimate, ISMA sees total 2021/22 sugar production at 35.0 MMT—some 1.5 MMT above our most recent estimate. The new forecast is based on improved cane tonnage and strong sugar recovery (i.e., sugar content) even though total planted area has not grown [...]

WASDE: Corn exports lowered, soybean exports raised

USDA made limited yet anticipated changes to the 2019/20 supply and demand forecasts for corn and soybeans. U.S. corn exports were lowered 50 million bushels to 1.725 billion bushels. Despite unfavorable margins of late, ethanol and by-products demand was raised by 50 million bushels [...]

China will continue its ethanol strategy

The Chinese government recently restated its plan to formulate all automotive gasoline with 10 percent ethanol by 2020. China will promote the use of ethanol in 13 regions this year, including Beijing. Under this plan, the government plans to reduce its massive corn stockpiles, [...]

Cattle on feed still up 4 percent as summer begins

U.S. cattle on feed totaled 11.3 million head as of July 1, reflecting the month-over-month decline expected for this time of year but up 4 percent year over year. The U.S. herd was counted at 41.9 million head as of the beginning of the [...]

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