USDA's May series of reports will be released this Wednesday. These represent its first attempt to project the supply/demand estimates for MY 2017/18 and are important for several reasons.USDA will release its monthly series of reports this Wednesday, 10 May. These are important for several reasons:
The May reports are USDA’s first attempt to project the supply/demand estimates for MY 2017/18. The biggest question regards what yield estimates will be used. With most of the seed still in the bag, it is a real guess at this point. The assumption is USDA will use a high estimate following the record yields of the past two seasons. It is also interesting to note that the U.S. drought monitor map is basically clear of any drought regions or p...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
