While Washington is locked in high stakes negotiations over the fiscal cliff, the economy is doing just fine, thank you. It's not flourishing, but it is not recessing either, according to the seasonal Christmas shopping reports. Consider the following:
Sales for the full first weekend of holiday shopping -- Thursday through Sunday -- were 13 percent higher versus a year ago, according to the National Retail Federation. On average, each customer spent 6.3 percent more than last year. ComScore says online Black Friday sales were up 26 percent from a year ago and surpassed $1 billion for the first time ever. Online sales on Thanksgiving Day were up 32 percent. This strength was confirmed by Coremetrics, an online data gatherer affiliated w...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
