The trade talk has been about better soybean and smaller corn yields than expected since these harvests got underway. The latter yield, though, would have to drop below 170 bushels/acre in order to appreciably change the corn outlook.The USDA reports to be released 12 October will include revised yield and production updates for corn and soybeans plus the first production estimates for sunflower and canola. These new production numbers will be incorporated into the WASDE (supply/demand) revisions that will be issued at the same time. The pre-report expectations versus the September USDA numbers are noted in the table below:The trade talk has been about better soybean and smaller corn yields than expected since these harvests got underway. T...
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...
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