What You Need to Know Today:
USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specifically, Russia’s defense minister said it attacked vessels in the Black Sea alleged to be carrying military supplies and struck a logistics center in Mykolaiv, Ukraine. Weekend attacks on Saudi Arabia’s Riyadh airport were a reminder of how fragile things are in the Middle East right now.
The Big Picture: Grain markets were mostly sideways for the day, with neither bulls nor bears wanting to extend risk after Friday’s surprise WASDE d...
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...
