The world was selling everything today, including wheat, corn and soybeans. It was as close to a Black Friday as we could get in the financial markets. Today was also expiration day for September options. General Comments If it wasn't for bad news, there wouldn't have been any news at all - or so the old saying goes. The world was selling everything today, including wheat, corn and soybeans. It was as close to a Black Friday as we could get in the financial markets. Below are some key highlights:
Crude oil dipped below $40 for the first time since 2009. China's Purchasing Manager Index (PMI) was the lowest in 6½ years. U.S. equity markets were losing 2 percent and had the worst week since August 2011. Even the mighty U.S. dollar was...
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...
