There has been a great deal of chatter about the possible impact that the frenzied commodity speculation in China may have had on U.S. futures markets.It was another week for the record books. Well, sort of. The markets did not run out of gas despite numerous day-to-day technical trading reversals, and they also didn’t break through the previous highs. The bull/bear discussion continues to roll back and forth, although there is now a bull side to the story for the first time in a quite a while. Following are a few other observations:
The bears are still bears, but the bulls seem to be getting somewhat bolder. Funds continue to expand their long positions in the soy complex. Now almost back to even in corn, they are still big shorts in wh...
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...
