AgResource Farm Marketing Advice for Thursday: 1/ No new advice The Labor Department’s monthly Job Openings and Labor Turnover Survey showed that the number of job openings in March declined 4% from February to 9.59 Mil jobs. Compared to a year ago, the figure was down 20%. Excluding a 3-month period during the covid pandemic,…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice The monthly update of the Case-Shiller housing price index offered mixed results. On one hand, the index marked the first month-over-month increase since June 2022 and was 0.5% higher in March. On the other hand, the Index marked the first year-over-year decrease since May 2012.…
AgResource Farm Marketing Advice for Friday: 1/ No new advice Food inflation in 2022 averaged 9.9% in 2022 which was the highest since 1979. The peak was reached in August at 11.4% and monthly food inflation figures have been trending lower. The inflation rate fell to a 15-month low in April of 7.7%, though the…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice The Biden Administration paused its drawdown of the US Strategic Petroleum Reserve in mid-January after drawing stocks down to the lowest level since 1983. And despite the talk of restocking, withdrawals resumed in early April. This week’s EIA Petroleum Status Report showed that the SPR…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice New single-family home sales in March came in at 683,000 homes, up 10% from February and beating the average trade estimate of 1.1%. It was the largest month-over-month increase since last August and the largest 1-month sales volume since March of last year. But compared…
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