The North American August Agribusiness Review by RaboResearch is out!
This periodical update provides a market outlook for various agricultural commodities and gives an overview of what developments to watch in the upcoming months in North America. See the highlights below:
➡️ Economy: Improvement in inflation data without a perceived decline in economic activity raises hopes of a soft landing, but a recession in 2H is still possible.
➡️ Logistics: Panama Canal congestion, trucking bankruptcy, and El Niño impact global logistics.
➡️ Consumer Retail & Foodservice: Overall inflation has eased, but restaurants have not received the memo.
➡️ Corn: Topsoil moisture remains low in parts of the Corn Belt.
➡️ Farm Inputs: August/September offer the first blush into next year’s cost structure as seed price transparency emerges.
➡️ Feed: Corn is getting more affordable in animal feed rations.