Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Readers of this column should no doubt be aware of our bias towards the importance of India with respect to the amount of physical sugar that is available to the world market at any given time. We have stated numerous times that the sub-optimal pattern with respect to [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The seasonal rainfall in the northern Indian sugarcane producing regions is still deficient, despite an improvement in the country weighted average (moving from -5% to -2% since last week). Rainfall over Uttar Pradesh has been consistent over the last three days, and looks to remain favorable for the [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Several posts over the last couple of months have noted that while the Indian monsoon is overall close to normal this year, the sugarcane growing regions throughout the north (U.P., Bihar) have been moisture deficient, and the market has not yet taken notice. As a whole, India’s seasonal [...]
Looking at the last month, OLR anomalies indicating a couple of notable features: (1) less prcp in northeastern India, per the Weather Trends forecast, with implications for the Monsoon, and (2) more convection off of West Africa moving westward into the Central Atlantic, per the Weather Trends forecast, highlighting the potential for more tropical activity [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The seasonal progress for monsoon rains (week ending August 4) is shown below, via the Indian Met Dept. Most analyst discussions in the sugar market over the last week have focused on a better pattern emerging, but for sugar growing regions, this is only half of the picture. [...]
From the Ohio State Univ. Beef Team:
Down Go the Cattle Numbers – Again – Chris Hurt, Extension Economist, Purdue University
The nation’s beef herd continues to decline. After several years of financial difficulty, producers show no interest in rebuilding the herd. As a result, beef supplies will continue to decline and prices will [...]
