What You Need to Know Today:
Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate increase. CONAB released its monthly report, raising its corn production forecast by 0.9 percent to 142.995 MMT while trimming its soybean production estimate by 0.1 percent to 180.464 MMT. Wheat markets are closely monitoring the potential revival of a Black Sea grain initiative, which could restore grain export flows from the region. Old-crop corn export sales saw a notable increase from 117 KMT the previous week to 411 KMT in the most recent export sale...
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...
