What You Need To Know Today:
Ethanol margins continue to run well above year-ago and normal seasonal values, but have slipped in recent weeks on weaker DDGS and ethanol pricing. WPI’s models project a steady decrease in returns to ethanol production following the end of the summer driving season. The decline in ethanol production margins, however, will be insufficient to pressure the grind rate. Biodiesel margins are jumping to new record highs as D4 RINs prices hover near two-year highs, and soyoil values retreat. The EPA’s latest RVOs suggest D4 RINs values and biodiesel demand will both remain strong through the end of the year.
Ethanol U.S. ethanol plant margins have moderated somewhat since their recent...
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...
