By Patrick Sparks, Global Risk Management Inc. Supported by profitable crush margins, U.S. soybean crushers have been running at a record pace this season. Recently reported U.S. crush data from the USDA showed that 193.8 million bushels of soybeans were processed in December, a new record for the month. This compares to 184.7 million bushels Continue Reading »
The USDA’s January Cold Storage Report Showed an Increase in Boneless Beef Supplies: Does this Mean Increased Availability for the U.S. Market?
By Michael Irgang, Global Risk Management Inc. The USDA’s January 2021 Cold Storage report pegged total inventories of boneless beef in cold storage on 12/31/2020 at 497.7 million pounds, an increase of 23.8 million pounds, or 5.0%, from the prior month. This inventory build for the month of December is higher than the normal inventory Continue Reading »
Demand Rationing? China Says ‘Not Yet’ as They Book Massive Amounts of U.S. Corn This Week
By Max Olson, Global Risk Management Inc. The nearby corn futures in the U.S. have rallied $1.50 since the beginning of November (+38%), attempting to ration demand amidst the significantly tighter domestic supply estimates. On the January USDA report, the U.S. ending stocks for the 20/21 crop year were estimated at 1.552 billion bushels, or Continue Reading »
