Tidbits, US Jobs & Trade, Sep S&D Estimates, SAF & Brazilian Ethanol 9/10/25
- Wright team
- Sep 10
- 4 min read
Tidbits
Economy: Yesterday’s news that shocked the financial markets was the number of new jobs reported by the U.S. Department of Labor Statistics for the 12 months ending in March 2025 was actually 911,000 less. This news comes after last week’s report that job growth almost stalled in August and the economy lost jobs in June for the first time in four and a half years. The revision means nonfarm payroll gains averaged about 71,000 per month, instead of the reported 147,000 per month. A few economists had expected the revision to be between 400,000 and 1 million jobs. This should guarantee the Federal Reserve will reduce interest rates a week from today after their two-day FOMC meeting.
The U.S. agricultural trade deficit widened in July, according to USDA data, reaching a record $33.6 billion for the first seven months of 2025, up 9% from a year earlier, driven largely by a jump in imports to $132 billion while exports fell 1.3% to $98.8 billion. The report underscores the challenge for President Trump as he aims to reverse this trend.
U.S. imports of containerized goods rose 1.6% year over year in August, while China-sourced volume fell 10.8%. Reuters sees 2025 outlook dim due to ongoing trade tensions, domestic manufacturing cooling, a softer labor market, and potential weak winter-spending demand.
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