Today's price action in grain futures contracts implied that the upward momentum of late is temporarily out of steam. Meanwhile, even though palm oil prices have recently strengthened, March soyoil appears like it could lead the soy complex into a short-term selloff. General Comments Today's price action in grain futures contracts implied that the upward momentum of late is temporarily out of steam. Even though palm oil prices have recently strengthened, March soyoil appears like it could lead the soy complex into a short-term selloff. Chicago wheat would be justified in following it lower because the United States is not competitively priced against alternative global suppliers in the export market. The one valid point that bullish wheat...
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...
Illuminating the value of technical research
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