Comparing the nominal yields of five-year Treasury bonds with the real yields of five-year Treasury Inflation Protected Securities (TIPS) may be one of the best indicators regarding where the U.S. economy is headed.
The Shanghai market closed down again on Wednesday for the fifth straight day. Losses in equity values are now about $5 trillion. China's central bank cut interest rates Tuesday for the fifth time in nine months. The Shanghai Stock Exchange Composite Index stood at 2,926 at the end of trading today, down from as high as nearly 5,200 in late June 2015. This of course has had repercussions on equity markets around the world. After a major correction earlier this week, the U.S. stock market proved the old adage that the best cur...
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...
