Only when examining the actual numbers can the magnitude of the increase in soybean, corn and wheat export sales from last year be realized. However, there is still one action remaining that is required to satisfy this expansion in export demand.Although it isn’t really a huge surprise, only when examining the actual numbers can the magnitude of the increase in soybean, corn and wheat export sales from last year be realized. Soybeans of course garner most of the attention these days. Sales of another 400,000 MT to China/unknown were announced this morning. That brings the total 2016/17 soybean sales to China to almost 11 MMT with another 10.1 MMT registered to unknown. Most of the latter will also be shipped to China. This all brings total...
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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