Soybeans continue to lead the markets higher on the continuing treat of hot, dry weather encompassing more of the northern Plains and Corn Belt. Corn, though, is reluctant to embrace a weather market. General Comments Markets opened with strong gains Sunday evening as corn and soybean futures traded at their highest levels since June 2016, and the session’s trading volume was quite large. Weekend weather updates continued to show the hot, dry weather eventually pushing even farther to the east than was expected last Friday. The western Dakotas, Nebraska and Kansas were solidly above 100°F over the weekend.The market also has the 12 July USDA reports to deal with, and there are a few related items to consider:
Planted acres will be adju...
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...
