Soy complex prices eased a bit this week on better chances for precipitation across the driest parts of southern Brazil and Argentina over the next 10-14 days. Bob Kohlmeyer’s piece about La Nina and Argentine crop production (see Ag Perspectives, 14 December) explained the current situation quite well. The latest forecasts are important as there will be significant crop stress if the rains don’t materialize. While not drought-breakers, they will at least provide some cushion to topsoil moisture shortages. The two maps below show the precipitation anomalies for the period of 15 November-14 December and the eight-14 day precipitation forecast relative to “normal.”
The next map shows the 15-23 December temperatu...
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...
