Tomorrow USDA releases a lot of much anticipated data: WASDE projections, quarterly grain stocks, and final annual crop production. Markets will be looking at revised yields, stocks, and acreage details which were murky and uncertain through the spring and fall. For the livestock markets, it will be all about the WASDE export forecasts, as trade is the driver. While, the Japan-U.S. deal is in place, and restores tariff equity with other exporters and was reflected in the December WASDE, it may still be too early for USDA to fully include the China deal (or not), since it’s not actually signed and won’t be until next Wednesday. However, the broiler export forecast does reflect China’s opening of its market. Also, while Mex...
Accountability and a comprehensive approach to export programming
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Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...