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Urner Barry Releases August Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2022/23 U.S. rice this August is for increased supplies, unchanged domestic use and exports, and higher ending stocks. All rice production for the 2022/23 crop was increased by 1.5 million cwt to 176.0 million. The season-average farm price was raised $0.60 to a record...
Urner Barry Releases July Emerging Plant Protein Report
The USDA projects rice exports to total 79.0 million cwt, a 5% decrease year-over-year, and the lowest level since 1996/97. However, the U.S. rough-rice export forecast is up almost 10% from a year earlier. Currently, the United States is facing increasing competition from South American rough rice exporters in key Latin American markets that is preventing any long-term increase in these shipments. U.S. milled rice exports are forecast at 45.0 million cwt, 14% below a year prior. These are the lowest milled-rice exports since...
Urner Barry Releases June Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2022/23 U.S. rice this June is for higher beginning and ending stocks. No other changes to the 2022/23 balance sheet were noted for this month. The season average farm price for all rice remains unchanged at $17.80/cwt, up $1.90 year-over-year.
The USDA also noted that despite a slow start to plantings this year in the South because of rain, progress of the 2022/23 crop was reported...
Retailers Say New Biofuel Levels Will Drive Up Food Prices
The National Retail Federation today said biodiesel levels set by the Environmental Protection Agency for this year are too high and will drive up inflation for already high food prices, especially processed foods that rely on food oils from crops like soybeans.
“For more than a year, we’ve alerted the EPA and the administration about the shortage of food oils, which is causing significant disruptions throughout the supply chain and raising food costs for consumers,” said David French, NRF’s senior vice president for government relations and executive director of...
Urner Barry Releases May Emerging Plant Protein Report
As of May 23, Canada still holds the top value spot on the sunflower seeds export value chart but a decrease of 44% in value year-over-year was noted. Canada also holds the top value spot for sunflower oil, with an increase of 79% in value compared to a year ago. For rice, Mexico has gained 33% in value year-over-year, remaining in the top spot on the chart this month.
The USDA projects rice exports to total 82.0 million cwt, a decrease of 3.0 million from a year prior. Meanwhile, rice from the U.S. is becoming uncompetitive as prices rise. Imports are expected to total...
Urner Barry Releases April Emerging Plant Protein Report
As of April 26, Canada holds the top value spot on the sunflower seeds export value chart with a decrease of 47% in value year-over-year. Canada also holds the top value spot for sunflower oil, with an increase of 120% in value compared to a year ago. For rice, Mexico has gained 39% in value year-over-year, remaining in the top spot on the chart this month.
In April, the USDA reported that rice exports remain projected at 86.0 million cwt, more than 8% below a year ago and the smallest since 2000/01. World trade was estimated 1.1 million tons higher at 52.5 million on greater exports by...
Concerns Mount Over Global Cooking Oil Supply As Russia-Ukraine War Continues
Soybean futures rallied during overnight trading as traders assessed the tight global supply of cooking oils spurred by the ripple effects of the ongoing Russia-Ukraine war.
Combined, Russia and Ukraine account for about 80% of the world’s sunflower oil exports. Russia’s invasion of Ukraine has forced buyers to find alternatives to sunflower oil shipments, which have largely been stalled in Black Sea ports.
Port closures and shipping disruptions in the Black Sea region have elevated the prices of competing vegetable oils like palm oil—a common ingredient used in food, cosmetics, and cooking.
Indonesia, the world’s largest exporter of palm oil, announced last week that it will ban shipments of the product beginning April 28 in an effort to curb rising domestic prices...
Urner Barry Releases March Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this March is for stable supplies, unchanged domestic use, reduced exports, and higher ending stocks. Projected 2021/22 all rice ending stocks were increased slightly to 34.5 million cwt, 21% lower than last year. The season-average farm price for all rice is forecasted at $15.90/cwt, a $0.20 increase on higher projected U.S. wheat, corn, and soybean prices.
The global rice outlook for 2021/22 is for larger supplies, higher consumption, increased trade, and higher stocks. Rice supplies were raised by 4.9 million tons to 701.6 million, mainly on...
Protein Markets Contend with More Than Just "Seasonal" Issues Heading Into Q4
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Urner Barry Releases September Soy & Wheat Report
Urner Barry Releases September Pulse Protein Report