While the expanding dryness that is starting to affect the 2017 U.S. hard red winter wheat production region has been covered in analysis here this week, there is another issue affecting all three wheat classes that needs to be re-emphasized.
While last Monday’s analysis covered the expanding dryness that is starting to affect the 2017 U.S. hard red winter wheat production region, another important issue that needs to be re-emphasized is the very wide disparity in cash prices among hard red winter wheat, hard red spring wheat and soft red winter wheat. The enormous hard red winter wheat yield coupled with some low protein issues created an interior glut that continues to search for a home. This was brought back into focus again last week...
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...
