What You Need to Know Today:
President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicated there was progress being made on a plan to jointly operate the Strait of Hormuz. President Trump said late Monday afternoon that he will not allow Iran to charge vessels to pass through the Strait of Hormuz. China secured 14-16 cargoes of U.S. soybeans on Friday (about 1 MMT) for October delivery. China’s purchases continued Monday morning with USDA reporting another 624 KMT sold, in total, to China and unknown destinations. Wheat crops in th...
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...
