The Closing Bell Wrap-Up is back after covering for WPI’s Bob Kohlmeyer last week. And what a week it was. The WASDE created a bearish selling party while the cattle and hog markets headed the opposite direction in a hurricane-fueled rally. Wall Street is higher as of this writing with the S&P 500 and the Dow slightly higher amid fading anxiety over the U.S.-China trade war. The dollar fell as investor sentiment improved regarding emerging/foreign economies and the risks they face. Crude oil prices are above $70/barrel as the EIA’s weekly data showed crude inventories falling to three-and-a-half year lows, marking the fifth weekly decline.
Corn December corn closed 2 ½ cents higher, reluctantly...
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...
