Still several months away, but an interesting event to put on the calendar:

 
Interesting line up – Look forward to meeting with Dr. Peter Baron, the head of the International Sugar Organization.

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
 
In a Bloomberg report this morning, the current food supply and price situation was aptly described as ‘Kitchen Table Economics.’  With uncertainty over the direction of food costs, underscored by a recent UN statement showing prices at new highs, where do we go from here?

In any given year, [...]

Wheat futures may have come down with analysts talking about the rains in China alleviating some of the stress, but it should be noted that this is an area where the drought is classified as severe, and a few days of rain, totaling under 2", is not the sign of a reversal. The maps below [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research

The reports that Weather Trends has been issuing regarding the global sugar supply situation has, for several months, been calling for a gradual improvement to the global balance sheet; however, we have always been less optimistic than most consensus estimates regarding the shift to surplus status.  Most agencies [...]

 
Overnight activity has the grain/oilseed complex opening on a lower note, with wheat leading the way.  Northeast China has received rainfall over the last few days, bringing some relief to the provinces that have been affected by the recent drought in the region (particularly Shandong and Henan provinces).  While the rains have eased some of [...]