Tidbits, National Security Products, Crude Oil, China, FOB 11/17/25
- Wright team
- 5 minutes ago
- 5 min read
Tidbits
During the 43 days the U.S. government was shut down, December spring wheat gained 6¢, Hard Red Winter December wheat gained 42¢, Soft Red Winter December wheat gained 47¢, December corn gained 28¢ and January beans gained $1.30, new highs not only for the year, but higher than any time since June 2024.
There has been a lot of talk over the years that farm commodities are the only products in the U.S. that everyone is told what production was in the past and expected to be in the future. No other industry’s production is made public for all producers and consumers to see. The government says tracking and reporting production and demand is a matter of national security; that we cannot risk running low on food and fiber.
What about running low on steel, electricity, diesel fuel, gasoline, pharmaceutical drugs, etc.? Are those not critical to our national security? How many of those products are sold to consumers at a loss for a year or two or even longer?
The difference is those industries do not have two million small self-sustaining producers, so the influence is more consolidated.
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