General Comments Markets were mixed overnight with corn steady, wheat slightly higher and soybeans slightly lower. Volume was quiet ahead of the last day of the week. USDA made several export sales announcements this morning, including:
300,000 MT of hard red winter wheat to Iraq 102,000 MT of corn to Mexico 135,000 MT of corn to South Korea 251,000 MT’s of sorghum to “unknown”
U.S. equity markets were mixed early and then traded slightly higher the rest of the day. The unemployment rate released today was the lowest since 2000. Crude oil was mostly steady as was the U.S. dollar. Corn FUTURES Yesterday’s huge sale to Mexico (1.35 MMT) was the 10th-largest single daily corn export s...
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...
