The Sugar market has a potential to be range bound as the Brazilian cane crushing season is ramping up. So far progress has even outpaced last years numbers with Sugar/Ethanol parity supporting raw sugar and hinting at large production numbers. However, with White Premium continuing to be good for Thai refiners and India putting a […]
Supply concerns steaming from the floods in Southern Brazil have dissipated as clarity the production impact solidifies. Forecasted production puts the world balance sheet supplied solidly over the 5 year average suggesting continued falling prices post weather season. Non-commercial participants continue to increase thier short on pace to return to thier positions pre-Brazil floods. While […]
Soybean Oil looks to be lined up for downward pressure. Prices have been relatively range bound YTD. Both U.S. and World Stocks to Use numbers are at or above the 5 year average despite the expected bump in domestic Biodiesel demand. Forward Board Crush averages well above $1/bushel insuring the vegoil processing will target maximum […]