Grain trade was lackluster with profit taking and position squaring ahead of Thursday’s WASDE report. The livestock markets were another matter, however. The hog market imploded while cattle struggled to find direction after yesterday’s implosion. Wall Street is higher as of this writing with the S&P500 and Dow up fractionally. The U.S. dollar is flat/higher at 96.3 while crude oil futures reached seven-month lows. Crude oil has weakened significantly in recent weeks after a series of actions that some analysts say were motivated by President Trump purposefully attempting to lower prices ahead of the Midterm elections.
Corn December corn finished ¾ cents lower on low volume but remained above key movi...
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...
