Tidbits, Nov Beans Roll, US Economy, BRICS, Broilers & Ethanol 10/24/24

Highlights

Yesterday morning, the USDA announced the sale of:

• 130,000 mts of old crop soybeans to China

• 259,000 mts of old crop soybeans to unknown

• 100,000 mts of old crop corn to unknown, the 6th straight business day of a corn export sale announcement.

Angie Setzer of Consus Ag Consulting reported yesterday:

"According to AgTraderTalk, a brokerage and analytical firm, yesterday’s sale brings the full month total to nearly 4.7 million metric tons, the fourth largest monthly flash sale total on record with a week left to go. What is most interesting about the current export pace is not the fact that export shipments are already ahead of last year by over 30%, or that sales are almost 150 million bushels greater than last year through the first 6 weeks of the market year, it is that our competition from South America, Europe and the Black Sea is nearly non-existent over the next several months."

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