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 [...]

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 [...]

Lower U.S. soybean, soybean oil stocks

Futures activity May-22 soybean futures closed last week at $16.89 per bushel, up by more than $1 per bushel from the week before. S&D and fundamental factors USDA’s WASDE release on Friday pegged domestic soybean stocks for 2021/22 at 260 million bushels, lower by [...]

Changes for 2021/22 corn ethanol & soybean use in April WASDE

In its April WASDE report, USDA made minimal changes to its existing forecast for corn but did adjust soybean use estimates. USDA did not change its prior 2021/22 U.S. corn production estimate of 15.115 billion bushels, still above the past two seasons’ volumes. Corn [...]

Geopolitics, smaller Brazilian crop drive soy complex

Futures activity Nearing expiration, the Mar-22 soybean futures contract closed last week slightly higher than it began, at $16.9075 per bushel. Futures did manage to close at a record $17 per bushel on Thursday before correctly slightly on Friday. S&D and fundamental factors USDA’s [...]

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