top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Tidbits, Economy, Russian Wheat, Broilers & Ethanol 5/31/24


The USA GDP for the first quarter was reported at 1.3% versus 1.2% estimate. Jobless claims were 219,000 to 218,000 expected with the previous week revised up to 216,000. Goods trade balance was deficit $99.4 billion vs. $91.8 billion estimate. Goods and services combined balance is a bit better, but consistently negative since the 90s, meaning US imports more than it exports, and that is one of the reasons the national debt is ever rising.

A Federal Reserve “chit-chat” this week has been higher interest rates for longer with one board member talking about a possible rate increase. That sent the stock market sharply lower and spread a general gloomy attitude.


More rain is expected in the dry areas of Russia’s wheat production area and that trashed wheat yesterday and lower wheat pressured corn and, to a lesser extent, soybeans. The Russian wheat crop is made or lost in June, not May. 

Want to read more?

Subscribe to to keep reading this exclusive post.

Recent Posts

See All


Les commentaires n'ont pas pu être chargés.
Il semble qu'un problème technique est survenu. Veuillez essayer de vous reconnecter ou d'actualiser la page.
bottom of page