What You Need to Know Today:
Oil prices moved higher early Monday before giving back some of their gains after drone attacks forced the shutdown of Saudi Arabia’s East-West Pipeline, a critical route for bypassing constrained shipping through the Strait of Hormuz. The disruption puts roughly 4 percent of global oil supply at risk, while recent Houthi gains near the Bab al-Mandeb Strait have added another layer of uncertainty for Red Sea energy exports. The 10-year Treasury yield reached 5 percent for the first time since October 2023 ahead of this week’s Federal Reserve meeting. A rate hike is widely expected, while elevated energy prices are adding another source of inflationary pressure and keeping the possibility of addition...
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...
