U.S. corn and soybean export sales are lagging far behind those of the past four years, which is a primary concern among bulls and bears alike, and there are several reasons why.One of the primary concerns among bulls and bears alike is that the pace of U.S. corn and soybean export sales is lagging far behind that of the past four years. There are several reasons for the slow sales:
U.S. and world crop production has been very good for the third consecutive year with no significant weather scares. Buyers view supplies as plentiful. Prices have been in a steep decline for the past two years. Buyers have had no fear that they will move higher and thus little reason to aggressively book new crop. The following soybean and corn charts show...
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...
