There are several factors that might be grain and soy market movers in the foreseeable future, but markets may also face more unanswered questions with the potential to move prices than in the recent past because of all the unknowns about the new Trump administration. In those “good old days” when futures trading was done by people standing on the steps of wooden pits located on exchange trading floors, the Christmas and New Year holidays would usually see a slowdown in that activity. Holiday absences would thin out the population of pit traders and that of commercials and speculators who created and sent the buy/sell/spread futures orders. Some of the usual attention paid to the markets was switched over to office parties as the holiday at...
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.
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...