Soybeans once again led the CBOT higher after President Trump tweeted that meetings between he and President Xi were progressing nicely. That led to optimism for a trade war resolution, which of course sparked short covering. While an agreement is a long way off, the market really has little choice but to rally when news like this comes along. The soybean buying spilled over into corn and wheat and the CBOT was mostly green all day. USDA’s Export Sales report was largely neutral today’s markets with each commodity falling short in some areas and having bright spots in others. Corn sales and exports fell below their needed value this week, but YTD exports are up 76 percent from last year, which keeps a bullish demand...
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...
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Illuminating the value of technical research
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