The Latest Breaking News from USDA

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March NY world sugar #11 (SBH24 ) on Monday closed +0.63 (+2.35%), and Dec London white sugar #5 (SWZ23 ) closed +16.30 (+2.24%). Sugar prices on Monday recovered from 1-week lows and rallied moderately after the International Sugar Organization (ISO) forecasted that 2023/24 global sugar production (Oct-Sep) will fall -1.2%...

Feeder cattle were down by another triple digits of 0.7% to 1% on Friday. That left November futures at a net $9 loss for the week and more than 38% back down from LoC low to LoC high. Live cattle also closed red on the week’s last trade day, finishing...

March NY world sugar #11 (SBH24 ) on Friday closed -0.44 (-1.61%), and Dec London white sugar #5 (SWZ23 ) closed -11.30 (-1.53%). Sugar prices on Friday extended Thursday's losses on negative carryover from Thursday when India's Food Secretary said his country is not likely to face any shortage of...

Beef production is a huge climate crisis driver, and a new study says only a small percentage of the country does most of the eating

Live cattle futures ended the Thursday session with triple digit losses of 0.7% to 1.1%. The Dec contract now sits $6.75 under the LoC high. Cash trade was shown from $182 to $187 on Thursday with 20k head traded. USDA mentioned the bulk in KS was near $184 and mostly...

March NY world sugar #11 (SBH24 ) on Thursday closed -0.19 (-0.69%), and Dec London white sugar #5 (SWZ23 ) closed -4.00 (-0.54%). Sugar prices on Thursday posted moderate losses after India's Food Secretary said his country is not likely to face any shortage of sugar in the domestic market,...

March NY world sugar #11 (SBH24 ) on Wednesday closed -0.01 (-0.04%), and Dec London white sugar #5 (SWZ23 ) closed +2.90 (+0.39%). Sugar prices on Wednesday climbed to 1-month highs but settled mixed. Sugar on Wednesday initially moved higher on the outlook for reduced sugar supplies from India after...

March NY world sugar #11 (SBH24 ) on Tuesday closed +0.44 (+1.63%), and Dec London white sugar #5 (SWZ23 ) closed +13.90 (+1.92%). Sugar prices on Tuesday rallied to 4-week highs and settled moderately higher. Strength in the Brazilian real (^USDBRL ) sparked short covering in sugar futures after the...

Today Barchart released its October 2023 Crop Production and Yield Forecasts for US corn and soybeans. The latest report sees end-of-season yield at 177.3 (bu/ac) for Corn, which is 4.4 (bu/ac) above the USDA’s latest forecast. Weather conditions have been a significant factor in this year's corn production. According to...

March NY world sugar #11 (SBH24 ) on Monday closed +0.02 (+0.07%), and Dec London white sugar #5 (SWZ23 ) closed -2.30 (-0.32%). Sugar prices on Monday settled little changed. A weaker dollar on Monday was supportive for most commodities, including sugar. However, sugar prices continue to be undercut by...