The May WASDE brought the market its typical volatility with corn trading both green and red numbers while soybeans jumped higher only to be brought lower by trade worries. Wheat received a mostly bearish report and futures reacted accordingly. Below are some charts summarizing key points from the latest WASDE.
The Export Sales report featured corn net sales and exports that were above what was needed this week to meet USDA’s 2017/18 projections. Soybean sales exceeded their needed volumes while exports failed to achieve this market. Wheat sales and exports were less than needed, lending a bearish tint to the report.
Outside of CME/CBOT contracts, U.S. equities are slightly higher today, with the S&P 500...
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...
