Tidbits, US Economy, Crop Estimates, Food Security, Export Sales 10/11/24
- Wright team
- Oct 11, 2024
- 4 min read
Highlights
The USDA will release at 11 AM Central Time today its monthly S&D. Note below every average estimate is less than the September USDA S&D. ADM’s summary:
On the economy front, we got mixed news yesterday morning. Inflation was higher than expected (a reason for higher interest rates) and unemployment claims were higher than expected (for lower interest rates).
The Labor Department reported the Consumer Price Index (CPI, inflation at the retail level) rose 2.4% for the 12 months ending in September. The market expected an increase of 2.3%. September retail inflation for the month was up 0.2% versus an estimate of a 0.1% increase.
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