Markets were steady to a bit lower for most of the Sunday evening session. They then started a rally with this morning's opening that was sustained throughout the day because of several reasons. General Comments Markets were steady to a bit lower for most of the Sunday evening session. They then started a rally with this morning's opening that was sustained throughout the day. It was difficult to attribute this action any one factor, but below are some of the issues that brought us a firmer market:
The word "inflation" was creeping into the general market talk. Crude oil was up, and the U.S. dollar was sharply higher. Financial markets finished the day strong. It is dry across Russia and Ukraine as the winter wheat planting season i...
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...
