Food & Agribusiness
We provide crucial market information and insights into a full range of global agricultural commodities. Keeping our clients up-to-date on international market developments for grains, oilseeds, palm oil, sugar, cotton, coffee, and cocoa.
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Following successive bearish hikes to US corn and soy yields, the USDA appears to have finally grasped the extent of the record 2018/19 US production, even reducing corn & soy slightly. Carry-out prospects on soybeans and corn came in below expectations and far from the psychologically imposing stocks levels of one billion bushels in soy and two billion bushels in corn. With Halloween approaching, the WASDE report helped CBOT avoid an October horror show.
September delivered surprisingly high US soybean and corn yield forecasts, driving pressure across G&O markets. Corn and soybean prices rebounded later in the month, based on robust global feed demand and a wetter Midwest, along with questions as to whether such exceptional US yields are realistic. Softs were mostly down this month on strong production prospects. In the case of sugar, India’s subsidies weighed on prices. Still, we see a lot of fundamental support for coffee and sugar.
We provide crucial market information and insights into a full range of global...