The monthly average price of corn received by U.S. producers has been less than $4.00 per bushel for 27 consecutive months and prices below $4.00 are expected to persist well into 2017. Even with reductions in the cost of producing corn, prices remain below levels
Will they or won’t they? The question that is befuddling the oil market right now is the answer to the question of whether the rumored agreement among the leading members of OPEC to cap their production between 32.5 and 33 million barrels a day will come to pass at the organization’s next official meeting on November 30.
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during September 2016 was estimated at a seasonally adjusted annual rate of $1,150.0 billion, 0.4 percent (±1.3%)* below the revised August estimate of $1,154.4 billion. The September figure is 0.2 percent (±1.8%)* below the September 2015 estimate of $1,152.1 billion.
With no 8 AM sales or fund activity some light Friday profit taking was expected and was seen today. It should be stressed that the setback was on light volume as corn spent most of the day trading very calm.
The U.S. economy is complex. Most people want to sum it up in one simple number: real GDP growth. However, that estimate has a number of flaws. Typically, there's more going on under the surface in any government data report.
If you're aware that the quote "May you live in interesting times" is generally understood to be a curse (apocryphal or not), then you'll get our meaning when we say the current presidential election cycle has been an interesting one.
Good Company. Friday’s news of an eleventh-hour re-opening of the “Clinton files” by the FBI was the coup de grace for stocks and a source of relief for bonds in a difficult week that left stocks with first loss since February and a third straight setback for the benchmark U.S. Aggregate investment-grade taxable bond index.
The bond market continues its long-term transition from a Secular Bull to a Secular Bear as market participants anticipate an increase in fiscal spending which eventually would be inflationary. This spending should come about regardless of which candidate wins.
In last week's article I carelessly confused price per pound and price per hundredweight on retail pork. I should have said: The average retail price of pork during September was $3.789 per pound. That was down 0.9 cents per pound from the month before and down 13.0 cents per pound from a year ago.
For the last few weeks I have been reading a number of articles discussing why the cattle market fell so hard. I am not going to mince words ----the easiest explanation is that cattle went way too high two years ago in November and now we have gone way too low.
Stock Indices have spent almost two weeks trying to recoup the losses of the three days following October 7th, when Danger Period #2 kicked in. While the NASDAQ 100 was able to achieve that, the DJIA & S+P 500 have not even come close.
Real gross domestic product increased at an annual rate of 2.9 percent in the third quarter of 2016, according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent.
Chicago Board of Trade (CBOT) Wheat prices closed higher for the first time in four sessions, bolstered in part by an international tender by Egypt, the world's largest grain buyer, which fueled optimism over world demand for the crop.
Wheat has hit a snag as the pace of exports has declined for the past three weeks. Inspections last week were a marketing year low of 8.9 MB. Since late September, the pace of shipments has fallen 36 percent.