Tag: Commodities

Report: Cost of Breakfast Commodities Hits 10-Year High

The cost of ingredients for breakfast staples continues to rise as global food production, processing and transportation challenges collide with higher demand from the pandemic rebound. According to the Financial Times breakfast indicator, futures prices …

Truck Driver Shortages Continue to Burden Supply Chains

Panic buying leading to shortages of toilet paper and other commodities took hold at the beginning of the pandemic in March 2020, and experts warn a similar situation could develop in coming months, largely due …

Meat Prices Continue to Rise After Pandemic Push

Inflation is affecting prices across the food continuum, and meat is no exception. Meat prices were up in the first two quarters of the year when compared to both 2020 and 2019, according to analysis …

FI Agriculture Recap: Pandemic Relief for Livestock Producers

The USDA’s Farm Service Agency will begin accepting applications next Tuesday from livestock producers who suffered pandemic losses as a result of their inability to gain sufficient access to processing. Relief will come from the …

Food Costs Ease Following Decade-High Surge

Global food prices recently fell for the first time in a year, potentially offering some relief for consumers and easing inflationary pressures. COSTS DROP 2.5% A United Nations gauge of food costs dropped 2.5% in …

Avocado Volumes on the Rise While Prices Decline

While Americans are paying more for everything from lumber to computer parts, and with most of the food industry contending with price increases, one surprising exception can be found: avocados. While often considered one of …

Food Industry Financials: Surging Commodities, Coca-Cola, and more

Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: unemployment benefits, global debt, surging commodities, restaurant reservations, Coca-Cola (COKE), and more Trending …

Food and Beverage Companies Signal Higher Prices

Many food companies are raising prices to offset higher costs. Higher commodity costs are pressuring companies’ profits, while some are also starting to lap their surging sales sparked by stockpiling in 2020, reported CNBC (March …

Global Food Prices Hit Six-Year High

Global food prices are the highest they’ve been in six years, with the price of agricultural commodities traded on the global stage rising 50% since the middle of 2020, according to economists at Rabobank. Additionally, …

Consumers Expected to Wake Up to Higher Coffee Prices Soon

U.S. coffee processors are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon. Mid-sized and smaller roasters have been hit hardest, but even larger companies say …

Rising Commodity Prices Bring Relief to Farmers

Soybeans and other commodities are seeing a jump in prices due to dry weather and strong export demand from China. Could this lead to higher prices for consumers? RISING COMMODITY PRICES ​Prices for corn, soybeans, …

Grain Prices Spiked Ahead of USDA Report

With the USDA expected to issue a report Jan. 12 reducing its domestic corn stock outlook, grain prices spiked with corn prices nearing $5 per bushel Jan. 5. The increasing prices could signal a boon …

Trade Improves Between U.S. and China

China has started buying U.S. supplies of soybeans from next year’s crop much earlier than usual, reported Bloomberg (Dec. 7). The world’s top importer is loading up on U.S. crops, including corn and soybeans, to …

U.S. Trade with China Improving, Lifting U.S. Farmer Prospects

China accepted its first-ever commercial container of U.S. rice in history, creating cautious optimism with rice growers across the U.S., reported Western Farm Press (Nov. 3). The shipment was received as Chinese buyers await the …

Commodities Navigating Through Coronavirus Losses

Commodities, such as cheese and lemons, are still facing issues caused by the coronavirus pandemic. Cheese The U.S. cheese industry is reeling after months the pandemic causing upheaval in prices and demand, reported The Wall …

First-Ever Water Futures Will Hedge Price Risk

CME Group Inc. and Nasdaq Inc. are planning to launch a futures contract later this year that will allow farmers, speculators, and others to wager on the price of water, reported The Wall Street Journal …

U.S., Brazil, and China: Commodities Amid Coronavirus

The U.S., Brazil, and China form an interesting trade triangle when it comes to certain commodities, and the coronavirus pandemic has added new wrinkles into the balance. China was the first country to experience the …