The USDA’s weekly export inspections report will continue to be issued during the ongoing partial shutdown of the federal government, until further notice. However, there is a temporary suspension of the weekly export sales and monthly supply and demand reports. Nonetheless, USDA is reporting another generally solid week for grain and oilseed export inspections. Corn, soybeans, and wheat all saw week-to-week improvements during the week ending 16 October, with soybeans down dramatically year-over-year, however.
For corn, inspections were reported at 1,317,724 MT, up 107,688 MT than the previous week and 316,562 above a year ago. The main destinations were Mexico and Japan. Soybeans were pegged at 1,474,354 MT, an in...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
