CBOT trading was relatively subdued today with little new fundamental information coming forth, except the usual cadre of weather forecasts. Wheat futures moved higher on the back of less-than-ideal weather forecasts for the U.S. and abroad, while soybean and corn futures moved higher on general “cheap grain” and trade-agreement buying interest. Wall Street is higher as of this writing with the Dow reaching a new intraday high after Fed Chairman Powell said he did not see evidence that U.S. equities have become overheated. That point has been questioned recently as the U.S. stock markets have rallied precipitously while equities in other areas of the world have languished.
U.S. bond prices are higher as investors...
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...
