EU Soybean Imports Up, Soymeal Down The EU Commission today reported soybean imports totaled 2.8 MMT as of 16 September and from the beginning of the current marketing year (July-June), up 11 percent from 2.5 MMT at the same time a year ago. It also indicated EU soymeal imports totaled 3.6 MMT as of the same date, down 20 percent versus 4.5 MMT a year earlier. The Commission is boasting that U.S. soybeans account for a larger share of those imports than a year ago at 52 percent as of 12 September compared with only 25 percent during the same period of the previous year. It is insinuating that the increase is somehow the result of a commitment made by Commission President Jean-Claude Juncker to President Trump in July that the EU would imp...
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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