Welcome to the bulk food market news update.  Extreme weather has sent food prices to a 10 month high on everything from meat to dairy to grains.

In the corn market, the fear of $3.50 corn is gone. Corn demand in ethanol, exports and animal feed has rapidly diminished the inventory left over from the record 2013 harvest. The USDA corn stocks estimate for this fall after the 2014 harvest was lowered again this week from the March estimate.  Export demand for U.S. corn has doubled from last year and does not appear to be relenting.

In the wheat market, crop conditions deteriorated from November to March by the largest amount ever seen.  In November 62% of the winter wheat seedlings were rated “good or excellent”. However, after the brutal winter and lack of moisture only 35% of the  crop was rated “good or excellent”.

Contact us at sales@bulkfoodinternational.com or 816-833-8062 and we can help you get started investing in bulk foods as a tangible asset you have possession of, instead of just a piece of paper.  You can download a copy of our product catalog here.

Weekly Wheat Review

Weekly Corn Review

Reduced Acres Buries the Risk of $3.50 Corn

Wheat Rises as Report May Show U.S. Dryness Damaging Plains Crop

Wheat Fields See Worst Damage in 5 Years

Corn Set for Bull Market as U.S. Exports Rise Amid Ukraine Worry

Cold winter causes ‘record’ drop in wheat ratings

Corn demand may be higher than anticipated

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