These reports will set the tone for the markets until and unless weather changes the dynamics of the yield estimates, but USDA's corn and soybean production estimates for Brazil and Argentina might actually capture the most attention. USDA will release an important series of reports at 12 noon (DST) tomorrow, which will include:
2016 U.S. winter wheat production Initial 2016/17 supply and demand estimates for U.S. wheat, corn and soybeans Revised world crop production estimates
These reports will set the tone for the markets until and unless weather changes the dynamics of the yield estimates. Weather hasn’t been as perfect as the past two years, especially in Brazil where it turned hot and dry during the pollination period of the s...
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...
