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: 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...
