Last week's U.S. export inspections were again very big last week, and that highlights the ability to move grain and oilseeds from the interior to export facilities. Rail shuttle turn times have been incredibly fast, primarily because of two factors.
The record corn and soybean harvests coupled with very strong nearby export demand pushed interior rail shuttle freight premiums as high as $2,000 per car. That premium crashed suddenly over this past weekend to as low as a $200 per car for November through early December. Shuttle values drop to tariff levels after that, and some discounts to tariff are quoted in the January-March period. This is good news for interior (farmer) basis levels, which should improve because of the sharp reductio...
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...
