An article from Bloomberg over the weekend (click here) about the potential long-term impact of African swine fever (ASF) on world soybean demand didn’t seem to have much negative effect on the soy complex today. That isn’t necessarily surprising, though, since prices have remained relatively steady even though all the soybean news has been almost entirely bearish. Consider the following:
U.S. and world soybean supplies are at record-high levels and might get bigger. It has been a year since the China-U.S. trade skirmish started, and there is still no agreement despite the news every day that one is near. The cold, wet spring across the northern Plains and Corn Belt will likely mean more soybeans will be planted than indic...
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...
