What You Need to Know Today:
The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion of those losses. The September jobs report came in weaker than expected, with the U.S. adding just 29,000 jobs versus roughly 90,000 expected. The unemployment rate edged up to 4.2 percent from 4.1 percent, while July and August payrolls were revised down by a combined 60,000 jobs. Soybean demand has lost some momentum, with only one relatively small flash sale reported this week and Chinese buying slowing from the stronger pace seen earlier. The lack...
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...
