The Thanksgiving holiday week closed with a day of very light trading volume and little interest in the markets. Following are a few news items from this week that are worth considering:
AgRural said today that Brazil’s early soybean crop outlook could be the best ever, and the consulting group’s initial forecast is 123-129 MMT. There has been some concern about how wet conditions have been, but it seems the crop was planted earlier than in the past few years. Wet weather in Argentina has also prompted chatter about the potential for quality problems in that mature wheat crop. The harvest, however, is pegged at 22 percent complete, which is right at last year’s pace. The grain exchanges there have reduced their product...
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...
