The U.S. spring planting has finally begun. There is an adage that crops always get planted, and we believe this to be true even if what gets planted is not always as originally expected. USDA reported the following crop planting progress as of 22 April:
Corn: 5 percent versus 14 percent average Soybeans: 2 percent versus 2 percent average Spring wheat: 3 percent versus 25 percent average Barley: 11 percent versus 33 percent average Oats: 31 percent versus 55 percent average
With weather finally turning warmer and drier, the progress should begin to rapidly accelerate. Every spring planting season is a reminder of how quickly U.S. farmers, using today’s modern equipment and techniques, can put seeds into the ground giv...
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...
