USDA’s May reports contained yield and production estimates for spring crops still being planted, so there are several important items to watch and consider going forward.USDA’s May reports, released this past Wednesday, were really about benchmarks and expectations for the next marketing year. They contained, after all, yield and production estimates for corn, soybeans, wheat and other spring crops still being planted, and approximately 90 percent of the growing season is yet to be determined. Meanwhile, there are several important items to watch and consider going forward:
One significant unknown is what the final corn and soybean planted acres will be. Another is whether the wet conditions and flooding across significant parts of the...
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...
