Brazil’s lower house voted last night to impeach President Dilma Rousseff, and the Senate now has 10 sessions to decide if it wishes to move forward with the proceedings. All of this political uncertainty and the currency issues there have aided the recent strength in the soy complex.
Brazil’s lower house voted last night to impeach President Dilma Rousseff, and the Senate now has 10 sessions to decide if it wishes to move forward with the proceedings. If it does vote to do so, Rousseff would have to step aside from her position for 180 days while charges are investigated. Power during that period will transfer to Vice President Temer, considered to be a seasoned politician and constitutional scholar. If two-thirds of the Senate eventual...
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...
