WASDE confirms lower domestic soybean stocks

Last week’s WASDE report confirmed the trade’s expectation of declining domestic soybean stocks. Now pegged at 120 million bushels, U.S. soybean stocks are poised to touch their lowest level since 2013/14. After an initial bullish market reaction, futures traded lower on Wednesday before climbing [...]

Updates on beverage & sugar taxes in Latin America & the Caribbean

Sweetened beverage sales in Jamaica, one study suggested, fell by more than 4 percent as a result of a 10 percent tax on sugar-sweetened beverages, with at least one researcher suggesting that the tax rate should be doubled. Citing rising obesity rates, the Jamaican [...]

Paraguay will export more soybeans than Argentina

After drought reduced Argentina’s 2017/18 soybean crop from initial estimates around 55 MMT (million metric tons) to under 40 MMT, Paraguay is expected to become the third largest exporter for the first time ever. When Argentina has a good crop, Paraguay usually exports 4.5 [...]