Outside markets continued their downbeat on Friday but ag futures had a few recoveries from yesterday’s trouncing.
Corn closed lower for the day and the week. The soy complex closed optimistically for the day but had a mixed week. Winter wheat closed lower on the day and the week, but HRS was up on the day and week. Livestock had a better Friday than the results of the week as a whole.
The larger stories coming out of this first week of November included the following:
It was the sixth straight week lower for the hog market. It has now been four weeks lower for cattle. The soybean market has closed higher for three straight weeks. After three weeks of rising prices, the corn market had a loser.&n...
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...
