Mexico’s sugar production reaches 6.14 MMT, up 8% YOY

Mexico’s sugarcane campaign is looking to show a strong close of the 2021/22 season. Harvest area has finally passed last year’s pace, a further boost for overall crush. Sugar content remains up YOY. Source: CNDSCA Seven mills were still crushing at the end of [...]

Modest changes for corn in June WASDE

Friday’s WASDE was reasonably quiet on the corn front, with only a modest change made to export demand on the 2021/22 domestic balance sheet. With the 50 million bushel reduction in exports and a 5 million bushel increase to food/seed/industrial use, 2021/22 ending stocks [...]

Ethanol & corn production unchanged in June WASDE

In its June WASDE report, USDA raised its previous estimate for 2022/23 world corn ending stocks by 5.32 MMT to 310.5 MMT, about 400,000 MT below the current season’s volume. World corn production was increased by 5.1 MMT to 1.186 billion MT, up 30.1 [...]

April soybean oil stocks a bit lower than expected

NOPA soybean crush and oil stocks figures for April came in below expectations. Ahead of the processor report, crush was anticipated to be around 172 million bushels, but several plants were down for maintenance, per Reuters, which contributed to crush being just under 170 [...]

USDA sees continued corn tightness, supporting futures

Futures activity After a bullish reaction to last Thursday’s USDA report, Jul-22 corn futures settled Friday at $7.81 per bushel. The Dec-22 contract ended the week up $0.38 at $7.4875 per bushel. S&D and fundamental factors U.S. corn was 22 percent planted as of [...]

First projections for 2022/23 in May WASDE

In its May WASDE report, USDA revealed the 2022/23 season projections to its report while making no notable changes to the current season’s forecast. USDA’s first projection for 2022/23 U.S. corn production was 14.460 billion bushels, down about 655 million bushels from the current [...]

Soybean exports slowing down after busy few weeks

Soybean exporters have seen brisk business since March, with sales and shipments well above average levels for this time of year. Data for the week ending Apr. 21 shows a bit of a slowdown in shipment pace, while sales were a bit higher than [...]

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