General Comments Markets were mixed overnight and also started the day that way. Corn and wheat traded higher most of the session with November soybeans trading both sides of unchanged. There were several storylines today:
Stats Canada released their 31 July stocks estimates (table below). The market expected smaller numbers than a year ago and that's what we got. It's interesting to note that Canola stocks were the smallest in 19 years. Markets were vastly different back then.
Today's weekly U.S. export sales report showed better than expected wheat and soybean sales with corn sales in the range of expectations. The export sales numbers are much stronger than a year ago at this time, especially wheat that is nearly 40 perc...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
