Key Takeaways:
DDGS prices have been pushing higher this summer as corn, soybean meal, and other feedstuff values have surged amid strong export demand and supply concerns. WPI’s models anticipate additional gains for DDGS values heading into early 2027, with FOB plant prices reaching $187/ST by late December, while FOB Gulf values will sit near $300/MT. Those values represent gains of 9.1 and 4.3 percent, respectively, from current values and suggest that domestic and international buyers should seek coverage now for deferred months. WPI’s models anticipate little downside potential over the next four months, but upside gains could be large, making risk management and timely coverage critical for end-users.
The De...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
In yesterday’s WASDE, USDA reduced its overall red meat and poultry production forecast for 2026 as declines in beef and broiler output more than offset increases in pork and turkey production. Fourth-quarter beef production was revised downward because of slower fed cattle marketings and...
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
