U.S. April food prices up 1% from March, up 9% YOY

ERS estimates inflation for selected food price indexes in the U.S. was 1.0 percent in April vs. March, with inflation for food at home at 1.3 percent that month. Eggs saw double-digit inflation, up 10.3 percent from March and up 22.6 percent YOY. Dairy [...]

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 [...]

U.S. honey imports plummet under antidumping duties

In November 2021, the U.S. levied varying levels of anti-dumping duties on our top honey origins, effectively choking trade from Vietnam, Argentina, India, and Brazil. Imports of raw honey in November totaled 8,933 metric tons and fell to 6,271 MT in December, compared to [...]

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 [...]

Corn exports climb to three-week high

For the week ending Jan. 6, U.S. corn exports were a three-week high near 1.0 MMT (39.8 million bushels). Cumulative 2021/22 exports rose to nearly 15.7 MMT (616.7 million bushels), down some 6 percent YOY. Weekly corn export sales were 457,675 MT (18.0 million [...]

Corn market begins pre-holiday wind-down

Futures activity Corn futures ended last week a bit stronger than they began with the Mar-22 contract closing at $5.93 per bushel, about 1.5 percent higher than Monday’s settle. S&D and fundamental factors U.S. exports were reported on the stronger side of things last [...]

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 [...]

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