There are a number of reasons why USDA's numbers in its 12 August report may have a significant impact on prices.USDA will provide its first corn and soybean crop production estimates based on actual producer surveys, objective test plots, etc. 12 August. These production estimates will be incorporated into its August WASDE (supply/demand) forecasts that will be released at the same time. There's a chance these numbers can have a significant impact on prices for a number of reasons:
USDA resurveyed planted acreage during early July in those states that were so wet in June. Some analysts believe soybean acres could decline by 1-2 million acres from the 30 June acreage report and July WASDE. Based on the 46 bushels/acre yield estimate used...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
