What could go right? The stock market and commodity futures both started the trading day glumly observing certain fundamentals:
U.S. core inflation in September at 6.6 percent had hit a four-decade high; CPI was at 8.2 percent. It is now sealed that next month the Fed will add another growth suppressing 0.75 percent to the federal funds rate. Even the President is now acknowledging that there could be a “mild” recession as the IMF downgrades the forecast for global economic growth. The dollar is so strong, the yen is at a 32-year low in comparison, further burdening U.S. exports. Not only do high interest rates risk causing a recession but the International Energy Agency warns that the planned OPEC+ output reduction...
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 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
