Markets started the week slightly easier Sunday evening on very limited trading volume with Minneapolis March at just 200 contracts. Meanwhile, March corn and Chicago wheat traded 8,000-10,000 contracts. What started as a marginally “red” day gradually turned into more solid losses for corn, wheat and soybeans as fund selling increased throughout the morning. USDA will release an important series of reports this Friday that will include:
Final 2017 U.S. corn and soybean production estimates U.S. and world supply/demand revisions (WASDE) Quarterly stocks estimates U.S. winter wheat planting intentions
The only one of these reports that is expected to show any bullish trend is the winter wheat planting estimate. While la...
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...
