Overnight trade produced mixed results for grain and soy prices. Soybeans were down, winter wheat was up slightly, and corn was about unchanged after December corn hit a new contract low of $3.355. Trading volume was no better than average. Prices firmed somewhat early during the day session, and corn and winter wheat prices stayed that way through the close. However, soybeans slipped below yesterday’s closes to finish down by small fractions. Soymeal did close $1.00-1.50 higher, but soyoil finished with a small loss of 4-7 points. As was the case Monday and Tuesday, much of the focus was on liquidation of positions in December contracts that will have first delivery intentions posted tomorrow (30 November). In Tuesday’s trade,...
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...
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Accountability and a comprehensive approach to export programming
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