Corn and wheat futures were higher most of the overnight session, while the soy complex was lower. However, that pattern reversed itself today. General Comments Corn and wheat futures were higher most of the overnight session, while the soy complex was lower. That pattern reversed itself today with wheat lower all day as corn and soybeans traded slightly higher or lower. There was a lack of news to push markets higher, and sellers were somewhat reluctant to push much lower after last week's collapse, especially in soybeans. No export sales were announced, but the weekly export inspections numbers were better than expected for corn and wheat. Weather is also mostly a non-event. It was very hot and windy across the northern Plains late last...
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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