The eve of another important report from USDA, namely tomorrow’s 1 September quarterly stocks plus the final small grain production summaries, presents a good time to comment on a few analytical odds and ends of late.The eve of another important report from USDA, namely tomorrow’s 1 September quarterly stocks plus the final small grain production summaries, presents a good time to comment on a few analytical odds and ends that seem to have piled up recently.
First of all, there is Friday’s report itself. The consensus opinion is that USDA will increase U.S. all wheat production very slightly to a final estimate of 2.326 billion bushels from August’s 2.321 billion bushels. It will also likely adjust production estimates for barley and oat...
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...
