Soybeans Brazil Despite the Chinese holiday, which should have brought a very quiet week, there were some movements on nearby positions as well as on new crop. Several factors are affecting the market these days, including the following:
Freight rates have been rising nonstop and with huge volatility over the past few weeks, and that has been affecting the CNF levels while also bringing more activity on the FOB. This is because trading houses sometimes prefer to avoid the risk of freight by selling FOB, and the differences between them are heightened as well since the volatility brings a variety of prices to the market. The exchange rate of the Brazilian real has also had great volatility. This week the currency crossed the line of th...
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...
