What You Need to Know Today:
The day belonged to the bulls as fund buying and technical momentum boosted corn, soybeans, and wheat to new rally or contract highs. Wheat futures exploded Wednesday around the world after Russia indicated it will increase its attacks on Ukrainian export infrastructure. Iran’s IRGC says it has reached an agreement with Oman to reopen the Strait of Hormuz but said the strait will remain closed if the U.S. does not accept its conditions. U.S. intelligence agencies said they took control of several sites used by Chinese state-sponsored hackers that have previously infiltrated sensitive U.S. government agencies.
The Big Picture: Nearly all the major ag futures contracts were higher on Wednesday as fun...
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...
