Weakness in EU and U.S. financial markets, led in part by talk that Glencore might be in big trouble and looking for a partner in its agricultural commodities division, has spilled over into almost every U.S. agricultural market as well.There will be a number of factors affecting grain and oilseed markets this week:
Weakness in EU and U.S. financial markets, led in part by talk that Glencore might be in big trouble and looking for a partner in its agricultural commodities division, has spilled over into almost every U.S. agricultural market as well. While Glencore's problems are mostly linked to its mining business, all of the reports have also highlighted weakness in agricultural margins as well. WPI has written several stories about ho...
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...
