Weather is quickly starting to raise concerns about the northern Plains spring wheat production potential, and the simple explanation is that it has become very dry across most of that region. In addition, another possible development could have an impact.
Weather is quickly starting to raise concerns about the northern Plains spring wheat production potential, and the simple explanation is that it has become very dry across most of that region (see most recent drought monitor below). It was only a few weeks ago that WPI commented on how there were no parts of the primary U.S. crop production regions that were in a drought status. That has changed, and this week’s drought monitor (released every Thursday) should show more expansion and...
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...
