The Sunday evening markets held the same trend they have had for several weeks now. Corn and soybean futures were steady to slightly higher with wheat lower. They then gained a little more strength at this morning’s opening, and that brought wheat slightly closer to unchanged. U.S. Corn Belt weather looks good for harvest progress this week, although there is some concern about the slow soybean harvest percentage. There has also been more talk about damaged soybeans because of the siege of very wet weather. Below are the latest six-10 day precipitation and temperature outlooks.
U.S. equity markets were generally lower. The U.S. dollar was firm, and crude oil was steady for most of the session.
Corn FUTURES Corn traded...
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...
