Key Takeaways:
Weather conditions in Europe have continued to deteriorate following both the EU MARS’ latest balance sheet update and the August WASDE, leaving “official” estimates lagging behind the reality observed on the ground. WPI’s models anticipate a 4 percent reduction in EU maize yields from the July MARS estimate, with the bloc’s average yield forecast at 6.64 MT/ha. The EU-27 maize crop will likely fall to near 48.2 MMT this year, due to collapsing French and Hungarian crops. Despite the bleak production outlook, added imports will largely fill the domestic supply gap and modest demand rationing in feed and FSI use will keep ending stocks tight but relatively comfortable. Prices in Europe are...
What You Need to Know Today: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
Key Takeaways: Demand and capacity decide where milk growth lands. Italian cheese is up 4.2 percent in 2026, and milk output is growing fastest in Kansas, South Dakota and Texas, where the new plants are located. Price spreads decide where the marginal milk goes. The Class IV premium over Clas...
