Key Takeaways:
1 September corn stocks totaled 2.095 billion bushels, 171 million above expectations and 544 million above last year, providing additional cushion for the 2026/27 balance sheet and potentially adding near-term pressure to prices. June-August corn disappearance increased just 100 million bushels year over year to 3.20 billion, a relatively modest increase considering the substantially larger 2025/26 supplies. 1 September soybean stocks totaled 315 million bushels, 8 million below expectations and 10 million below last year, while June-August disappearance increased 9 percent to 744 million bushels, pointing to stronger late-season demand and the potential for higher crush or export estimates. If the resulting relative streng...
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...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
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...
