Higher palm oil supply drove May’s gain in edible oils stocks

Demand for soybean oil remained impressive in May, with 1.75 billion pounds removed from stocks for processing, up 6 percent YOY. About 1.22 billion pounds were removed for edible applications, up slightly from April and close May 2021’s volume. Use of soybean oil for [...]

FAO Food Price Index down in May for second straight month

FAO’s Food Price Index (FPI) was reported down over half a percent in May, adjusted for inflation, the second straight monthly decline. May’s FPI was still up 20.8 percent YOY, supported by significant gains across all subindexes. Food commodities showing the most significant YOY [...]

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 [...]

Fresh record high for FAO Food Price Index in March

FAO reported its Food Price Index (FPI) at a new record in March 2022, about 17 percent above its previous high in early 2011 and up nearly 37 percent YOY (unadjusted for inflation). Adjusted for inflation, the FPI was still a record high in [...]

Real Food Price Index down half a percent at start of 2022

Adjusted for inflation, FAO’s Food Price Index (FPI) fell half a percent in January but was still up 6.1 percent YOY. In nominal terms (unadjusted for inflation), prices rose 1.1 percent in January, up 19.5 percent YOY. The decline in the real FPI came [...]

Little activity in soybean oil export sales

Three weeks into the 2021/22 marketing year, soybean oil export sales are well below volumes usually seen in October, and outstanding sales are at their lowest level since 2013/14. This is all in line with USDA’s current export forecast of 1.2 billion pounds, the [...]

Post-report pressure on soybean, soy meal futures

Futures activity Nov-21 soybean futures came under extreme pressure after Thursday’s Grain Stocks report, settling the week at $12.4650 per bushel, down 41 cents per pound from Monday. Soybean meal futures also took a hit as the Dec-21 contract closed last week lower by [...]

August soybean crush beat expectations

NOPA members crushed 158.8 million bushels of soybeans last month, higher than estimates ahead of today’s report by about 4.5 million bushels. NOPA's cumulative crush for the 2020/21 Sep-Aug soybean marketing year ended at 2.02 billion bushels, meaning total U.S. crush was likely around [...]

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