Today’s Export Sales report from USDA held vastly different information for commodities in the grains complex. The report was decidedly bearish wheat, neutral/slightly bullish corn, and bullish soybeans. Each of the three futures markets responded in kind today, with wheat heading lower, corn mostly steady, and soybeans putting on a solid premium. Livestock markets were sharply higher today with feeder cattle touching limit highs in the afternoon
Outside the CBOT/CME walls (rather, electronic trading data centers), U.S. equities are higher with the Dow up 320 points (1.32 percent) as of this writing and the S&P 500 up 24 points (0.91 percent). The CBOE’s VIX index is down 1.5 percent while COMEX gold is down $15.70/...
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...
