Soybeans Argentina The holiday in Argentina has made for a light news week so far. The center of Buenos Aires received strong rains over the weekend, putting a hold on the harvest. With accumulations of 30-110 mm reported as of Sunday morning, the rain persisted through Monday morning.
Today 56 percent of Argentina’s area is harvested, up 24 percent versus a year ago. Production estimates remain at 38 MMT or 16 MMT below last year’s crop. The market is quiet with offers remaining at +115N for May and +125N for June shipments. The FAS market was offered at $320/MT, giving a replacement of +150N for May and +190N for July/August. Uruguay Thunderstorms impacted the entire region over the weekend. Only 27 percent of the count...
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...
