It can’t be said that the increased prospects of a Fed interest rate hike in June had any real impact on grain and soy markets today. Prices were slightly lower in quiet overnight trading and wound up the day session in mixed fashion. General Comments The minutes of the Fed’s April meeting were released today, and (to the surprise of many Fed watchers) they reveal a stronger-than-expected sentiment for raising the interest rate in June. That plus recent statements by various Fed officials appear to substantially increase chances of a rate hike next month, which heretofore analysts had called about 10 percent at best. The minutes show considerable support for the increase, assuming the economy has picked up during the second quarter and in...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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