Tidbits, April S&D, U.S. Inflation & Crude Stocks, Argentinian Crops, Weather, Export Sales 4/10/26
- Wright team
- 2 days ago
- 4 min read
Tidbits
Flash Sale: Yesterday, the USDA reported sales of 136,000 mts of old crop corn to South Korea.
Annual U.S. retail inflation was reported at 2.8% in February, the same pace as in the previous month and matching expectations. Core annual inflation excluding food and energy was 3%, down from 3.1% in the prior month. Both remain well above the Federal Reserve's 2% target.
U.S. initial jobless claims rose to 219,000 on the week ending April 4th, higher than was expected, the largest count in 8 weeks and above the 4-week average of 209,500.
U.S. crude inventories rose by 3.1 million barrels in the week ended April 3, compared with market expectations for a 701,000-barrel rise. Refinery utilization rate was 92%. Gasoline and distillate (diesel and heating oil) stocks decreased.
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