USDA reports:
Wheat: Net sales of 377,100 metric tons for 2018/2019 were up 14 percent from the previous week, but down 25 percent from the prior 4-week average. Corn: Net sales of 1,266,500 MT for 2018/2019 were up 44 percent from the previous week and 77 percent from the prior 4-week average. Soybeans: Net sales of 628,800 MT for 2018/2019 were down 8 percent from the previous week, but up 50 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 189,500 MT for 2018/2019 were down 18 percent from the previous week and 39 percent from the prior 4-week average. Soybean Oil: Net sales of 9,200 MT for 2018/2019 were down 77 percent from the previous week and 63...
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...
