Brazil’s soybean market is rebounding after weeks of weakness, and soybean production estimates are finalized in Argentina. Soybeans Brazil Brazil’s market was very slow during the first half of June. Demand from China did not show up because there were plenty of soybeans arriving at its ports. The Chinese preferred to wait and allow stocks to rebuild before taking further action. June shipments from Brazil will probably surpass last year’s (7.5 MMT total and 5.3 MMT to China), which would put the first half of the year at a record export volume. On the other hand, soymeal stocks in China are record high this year, while demand is taking only spot positions at discounted levels. It is clear there will be no shortage of soybeans with the...
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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Illuminating the value of technical research
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