Markets were quietly steady overnight in light trading volume. They then started higher this morning on the heels of several export sales announcements, including the following:
257,000 MT of soybeans to China 126,000 MT of soybeans to unknown 134,000 MT of corn to Costa Rica 130,000 MT of soft red winter wheat to unknown
The driest parts of southern Brazil and Argentina still appear to be in for some rains over the next week or so. Temperatures in the dry areas, however, will soar again this weekend. Weather in those two countries is still about the only near-term factor that could have a positive influence on prices. Trading volume was very light early, but closing volumes were close to average. U.S. equity markets had another b...
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...
