Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The table above from this week’s USDA Crop Progress report underscores the effect that delayed planting this year has exerted on emergence of the crop. In spite of planting progress that has picked up over the last 10 days, some regions may start to run into situations where [...]
The La Nina pattern continues to drift towards neutral conditions, but the transition is slow. Pacific equatorial SSTs cold anomalies have dissipated further since last month’s report, and colder water is now present in the North Atlantic. However, the Southern Oscillation Index finished April with another month strongly in positive territory, and the leading edge [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Sugar may start to turn constructive on analyst reports of a smaller than expected crop. We noted yesterday that one high-profile estimate has recently called for a 10.6 mmt surplus in 2011/12, which follows a slight return to positive supply balances in the current marketing year. However, as [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
In the USDA Foreign Agriculture Service May 2011 World Agricultural Production Report, it was noted that projected corn production in the US for the 2011/12 season is currently at 343.04 mmt, which would be an 8.5% increase over last year. The increase in planting acres (roughly +1.4 mm [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
World Sugar futures have dropped off from the recent highs in February (crossing 35 cents) down to a current range just under 22 cents; see FinViz chart below for recent performance of the July11 contract. The spot price is now below both the 50 and 200 day moving [...]
