USDA's May series of reports will be released this Wednesday. These represent its first attempt to project the supply/demand estimates for MY 2017/18 and are important for several reasons.USDA will release its monthly series of reports this Wednesday, 10 May. These are important for several reasons:
The May reports are USDA’s first attempt to project the supply/demand estimates for MY 2017/18. The biggest question regards what yield estimates will be used. With most of the seed still in the bag, it is a real guess at this point. The assumption is USDA will use a high estimate following the record yields of the past two seasons. It is also interesting to note that the U.S. drought monitor map is basically clear of any drought regions or p...
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...
