Key Takeaways:
India is excluding sugarcane juice, sugar syrup, and B-heavy molasses from its 2026/27 fuel ethanol procurement program to protect domestic sugar supplies, potentially shifting additional demand toward corn and rice. India’s corn consumption for ethanol has surged from just 32 KMT in 2023 to a projected 13.7 MMT in 2026, making it an increasingly important source of domestic demand. Despite rising corn production, expanding ethanol consumption and growing poultry feed requirements have absorbed much of the additional supply, reducing India's export availability. India’s exceptionally low per capita meat consumption presents considerable potential for further growth in poultry demand, which could increase corn req...
Argentina Sunflower Sunflower remains one of the most attractive crops in Argentina, supported by strong demand and favorable prices that currently offer some of the best projected production margins among summer crops. Planted area is estimated at 3.0-3.1 Mha, with around 42 percent already se...
Last week, September inflation reports showed that the Producer Price Index rose 1.3 percent, far ahead of the 0.6 percent consensus expectation, while the Consumer Price Index (CPI) rose 0.6 percent, in line with expectations. However, September also marked the 66th consecutive month that both...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...