What You Need to Know Today:
Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately 1.9 MMT, providing encouraging support for U.S. export demand even as soybean futures remain under pressure. India is shifting its ethanol feedstock requirements, excluding sugarcane juice, sugar syrup, and B-heavy molasses from ethanol procurement for the 2026/27 supply year. Indian oil companies are seeking approximately 11 billion liters of ethanol from alternative feedstocks, including corn and rice. The policy shift could strengthen domestic dema...
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...
