In its October Citrus report, USDA forecasted all Florida orange production down 32 percent YOY at 28.0 million boxes. The steep drop is part of the longstanding downtrend for the state’s production, further pressured by late September’s Hurricane Ian. Production of Valencias is expected [...]
Futures activity After a relatively calm week, corn futures propelled to $7 per bushel during trading on Friday following the release of the September Grain Stocks report. S&D and fundamental factors In the Grain Stocks report, 2021 figures were revised lower, with both planted [...]
Hurricane Ian is forecast to be the first named storm to make U.S. landfall this season. Meteorologists believe that Ian could be a Category-3 hurricane by the time it reaches Florida’s Gulf coast. Besides rain and sustained high winds, Ian could bring a storm [...]
