This week's bearish USDA reports will likely result in farmers doing all they can to store as much of their unsold 2015 production as possible. One problem is that a great deal of the 2014 crop still remains in their bins.
The El Nino that was previously discussed here finally made the national news this week. All of the major networks displayed the sea surface temperature maps, etc. and tried to explain the potential impact in 20 seconds. Some private weather services also updated their El Nino "watch" information this week. The basic message is that changes in rainfall/weather should start quickly as this El Nino continues to enlarge. No one knows what that will mean for production in Asia, Southeast Asia and South America. It might, h...
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...
