The second quarter (April-May-June) initial Gross Domestic Product report will be out 31 July. The US economy grew at 1.1 percent in the fourth quarter of last year and 1.8 percent the first quarter of this year. Pre-report estimates are starting to trickle out in the news with the latest from Morgan Stanley pegging economic growth at 0.3 percent. Below is our SWAG and we're a bit more bullish.There are four basic components of GDP calculation: consumption, investment, government spending, and net trade. Simply put, that formula is: C+I+G+ (X-M) pro-rated for the percent each category contributes.
C = Personal consumption and expenditures are roughly 70 percent of GDP (non-durable goods which include food and fuel are about 25-30 percent...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
