Below you'll find a list of all posts that have been categorized as “Economy”
The August crop report released at noon today. Most attention on the corn trade. Corn has struggled since reaching highs in mid-July over the 490 level with extended hot, dry weather. Weather since then has been favorable and private estimates that are released keep the national average yield at or near USDA’s 183. In fact, StoneX just last week surprised …
After the farm bill failed to move forward, several agriculture industry representatives voiced their disappointment. One in particular is Rob Brenneman, the National Pork Producers Council’s president. In a statement released after the session, Brenneman said, “When Congress passes a new farm bill, it must include the ask of America’s 60,000-plus pork producers to finally stop the threat of a …
U.S. beef exports delivered more value in June despite shipping fewer pounds overseas, while pork exports felt the impact of temporary trade restrictions that have now been resolved. According to data released by USDA and compiled by the U.S. Meat Export Federation, June beef exports totaled nearly 89,000 metric tons, down 6% from a year ago. Even so, export value …
Wall Street, ending the first week of August near or in record territory. Stocks have rallied as companies continue piling up profits and oil prices continue to ease. Despite worries about higher inflation, Iran, Russia, Ukraine, Wall Street is setting records. Stock prices tend to follow the path of corporate earnings over the long term. Interestingly, one of the companies …
With the Farm Bill 2.0 being under review, we sat down with NCBA’s CEO, Colin Woodall, to discuss mandatory country-of-origin labeling. “So NCBA has long-standing policy against mandatory country of origin labeling, and this is an issue that has been divisive within the industry for many years now. NCBA’s policy process is focused on the members of the association, and …
The August crop report next Wednesday. Some private forecasters slowly taking the top of national corn yield. Looking at the August report, an important one for the corn trade especially as the crop has pollinated for the most part and is filling ears now. USDA during the month of July has collected farmer surveys and also using satellite imagery to …
Yesterday we reviewed our list of 48 commodities and how they fared during the month of July. Today we look at the big picture, how rankings change when looking back year to date with seven months now in the books. Energies, no surprise, remain 1, 2, and 3 after seven months. Heating oil, number one, crude oil, and gasoline. Soy …
Reviewing our list of 48 commodities that we track each day here at the Bottomline Report, grains and livestock switched positions as the month of July came to a close. During the month, the only grain ending in the red, as a matter of fact, was oats, down nearly 4%. Extended hot, dry weather helping soybeans gain 5% for the …
The U.S. Department of Agriculture recently released the July cattle reports. USDA Livestock Analyst Anthony Fischer tells us what those reports show. Fischer said, “Cattle inventory on July 1st was 94.2 million head, which was slightly above a year ago.” “The number of beef cows was 28.5 million head, which was about one percent below a year ago. Producers indicated …
Analysts at the CME Group and certainly on Wall Street already looking ahead to the September meeting of the Federal Reserve Board. The board we mentioned yesterday does not meet in August, so the next date for market watchers, September 15th and 16th. Updated rate decision comes early afternoon on the 16th. CME FedWatch tool shows near certainty there will …
