What You Need to Know Today:
The U.S. and Iran resumed missile strikes after a brief pause in fighting, raising concerns that the five-month conflict could expand across the Middle East. Jordan intercepted Iranian missiles, Kuwait reported a fatal strike, and drone attacks damaged two natural gas vessels at Egypt’s Damietta port, signaling a broader regional risk. Egypt reported that two ships at the port of Damietta were damaged in a drone attack. The port hosts a major LNG export facility and is a key trade hub. No one has claimed responsibility for the attack, but it is believed to have been carried out by Iran or an ally like the Houthis. As a major buyer of U.S. soybeans and wheat, any prolonged disruption to Egyptian logistics...
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...
