What You Need to Know Today:
Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 percent tariffs on certain Canadian agricultural and forestry products, potentially easing trade tensions between the two countries. The move is also seen as an effort to bolster Republican Sen. Susan Collins' reelection prospects in Maine, where the tariffs have become a significant political issue ahead of the 3 November midterm elections. Brazil holds its presidential runoff on Sunday 25 October between incumbent Luiz Inácio Lula da Silva and ri...
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...
