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By Sholom Sanik |
March 22, 2013
U.S. soybean ending stocks for the 2012-13 marketing year are estimated at 125 million bushels (3.4 million tonnes), or 4% of consumption. That would be the lowest level in history.
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By Sholom Sanik |
March 18, 2013
Last year’s drought resulted in a U.S. corn crop that was 25% smaller than farmers’ planting intentions. Which means there is no room for anything but a picture-perfect U.S. crop this year.
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By Sholom Sanik |
March 14, 2013
Not only have copper prices not kept up with the move in equities, they’ve headed in the opposite direction. Not surprising. Developments for just about all areas of copper fundamentals we follow have been bearish.
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By Sholom Sanik |
March 11, 2013
Cocoa prices continue to falter, sinking to 10-month lows against a backdrop of mixed fundamentals. West African production is sluggish, but the demand picture has been a disappointment.
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By Sholom Sanik |
March 4, 2013
Cotton prices have been on a tear, bucking the trend of many commodities. The rally is somewhat of a surprise, because global warehouses are reportedly stocked to the rafters.
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By Sholom Sanik |
February 25, 2013
Recent developments in India are very bullish and are being completely ignored by the sugar market. Severe drought will affect the 2013-14 crop to the extent that the key growing regions will see acreage fall by 20% to 25%.
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By Sholom Sanik |
January 31, 2013
Sugar prices have fallen to two-and-a-half year lows amid forecasts for an ever expanding 2012-13 global production/consumption surplus.
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By Sholom Sanik |
January 30, 2013
Wheat prices have been in a precipitous decline since they brushed close to $10 per bushel highs back in August. Recent reports were mostly bullish.
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By Sholom Sanik |
January 23, 2013
Since biodiesel broke onto the scene in a meaningful way in the mid-2000s, approximately 10%-15% of U.S. soybean oil output has been used for biodiesel.
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By Sholom Sanik |
January 17, 2013
We’ve used the term “abysmal” — or the like — to describe U.S. export sales for the 2012-13 marketing year, and we’re running out of adjectives.
