Stay ahead of the commodity industry with the latest ingredient news & trends on https://t.co/h0YkBE8zzt. Provided by International Food Products Corporation.IngredientNews.com Saint Louis, MOJoined June 2011
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Equity markets are poised to go higher today on news that the administration may be pulling back on trade #tariffs with China; supportive of grain and oilseed prices yesterday and overnight.
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Lenders supporting thousands of American farmers warned White House officials that 2019 could cause more producers financial losses if the trade dispute with China is not resolved.
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U.S. government shutdown is in its 25th day with no sign of either side budging. Lack of market information has been tolerable, but commodity markets need critical data on exports & supplies.
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According to a recent survey, soybean crushing for December was likely a record month as crush demand was strong. The NOPA report is expected to show 170.0 million bushels of soybeans crushed.
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Soybean imports by China were down 40.1% from a year ago, according to customs data from China, due to the ongoing trade war between the U.S. & China.
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Brazil's 2018/19 soybean crop forecast was cut to 116.9 mmt on Wednesday from 121.4 mmt late in November, said consultancy AgRural, blaming extreme heat and a dry spell in southern areas.
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Amid the trade negotiations with China, approval of some key genetically modified crops is boosting hopes that exports will pick up.
For IFPC’s complete Daily Market Report, visit ingredientnews.com.
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Hot and dry weather in much of the Ivory Coast's cocoa producing areas are worrying farmers. Winds off the Sahara Desert can reduce soil moisture and damage cocoa pods.
For IFPC’s complete Daily Market Report, visit ingredientnews.com.
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The USDA has officially delayed the WASDE, Quarterly Stocks, and Winter Wheat Seedings Reports. Reports will resume once funding is restored to the federal government.
For IFPC’s complete Daily Market Report, visit ingredientnews.com.
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Farmers are being impacted by the government shutdown. Processing of loans has stopped. Many farmers use those loans to buy inputs for planting the new crop.
For IFPC’s complete Daily Market Report, visit ingredientnew.com.
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The U.S. government shutdown continues, resulting in a lack of market data that traders are used to using for price direction.
For International Food Products Corporation’s complete Daily Market Report, visit ingredientnew.com.
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Daily Dash
Of the major commodities, cocoa had the strongest price action in the calendar year 2018, which says more about the general weakness of commodity prices.
For the complete IFPC Daily Market Report, visit ingredientnews.com. ingredientnews.com
Market Recap: Another weather scare gripped the hard red winter #wheat belt, helping Kansas City wheat futures to a higher close Thursday. Soft winter wheat and spring wheat futures also closed higher.
Market Recap: The 1st USDA national #wheat condition report pushed hard winter, soft winter & spring wheat futures higher Tues. #Soybeans bounced back from Monday’s reversal, but struggled Tues before closing slightly higher. #Corn was carried higher on coattails of wheat.
Market Recap: Southern Plains drought has taken a toll on hard red winter #wheat, according to the U.S. Department of Agriculture’s initial aggregate Crop Progress report, which showed much lower good-to-excellent ratings from the final report last fall.
Market Recap: #Soy complex futures surged Thursday after U.S.D.A. Prospective Plantings data came in well below trade expectations. #Corn futures also posted strong gains on planting and March 1 stocks estimates.
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