What You Need to Know Today:
Corn and soybean crop ratings declined late Monday and set the stage for stronger CBOT trade Tuesday. Funds are in risk-on mode across the ag space, resulting in firm trade and solid gains for grains and oilseeds. Iran and Oman released a joint statement saying their respective foreign ministers discussed a framework to implement a plan to allow maritime traffic through the Strait of Hormuz to resume. The plan features both a temporary shipping lane and a joint project to clear the strait of mines. Canada announced plans to introduce retaliatory tariffs ranging from 15–50 percent on $20 billion of a range of U.S. goods starting 8 September. The U.S.-Mexico border opened to feeder cattle imports for the fi...
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...
