General Comments Today was a government holiday (Veterans Day) in the United States. Banks were also closed, but the markets all traded full sessions. The results of the holiday, however, were:
No USDA weekly export inspections No weekly crop progress report No export sales announcements
These reports will be released Tuesday. This situation left the markets with little to talk about except the remnants of last Friday's USDA reports that were considered slightly more positive than expected for corn and soybeans and slightly bearish for wheat. Today's pattern of trading, however, was different from Friday in that the soy complex was slightly lower much of the session, while corn was the leader with wheat also trading higher earl...
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...
