In the soy complex, funds continued to slowly liquidate their long positions as weather in Argentina has improved. Meanwhile, wheat markets continue to be centered on big world supplies with no significant production problems. General Comments A holiday session was expected today, and that is what we got. Trading volume was extremely thin across the CME futures and options markets, and it was very light across energy and equity markets as well.The soy complex was steady to better to open the Thursday night session. However, what little buying there was disappeared, and trading was lower most of today, which is also how wheat and corn traded.Crude oil was fractionally lower as was the U.S. dollar. U.S. equity markets were also very quiet a...
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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