Corn's trading pattern today was almost the same as the soybean market with early weakness and a gradual increase in fund buying. Meanwhile, wheat struggled all day. General Comments Grain and oilseed markets started slightly firmer Sunday evening, but they closed lower with selling again around in the last minutes of the night session. Corn and soybean markets began today's session steady and then gradually gained some traction on fund buying before closing 5-7 higher. Wheat never did get its collective head above water with steep losses in Minneapolis. That may be because the U.S. spring wheat crop is the only one that still has a chance to be very good. Canada is drying out, and rain is now starting to affect the quality of the soft re...
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...
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Accountability and a comprehensive approach to export programming
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