What You Need to Know Today:
Corn and soybean yields in the September WASDE report were close to pre-report expectations. The corn yield came in at 178.5 bushels per acre, compared with an average analyst estimate of 178.1, while the soybean yield was 52.8 bushels per acre, slightly above the 52.5-bushel average analyst estimate. The Consumer Price Index rose 0.4 percent month-over-month and 3.4 percent year-over-year. Core CPI, excluding food and energy, increased 0.3 percent for the month and 2.4 percent year over year, reinforcing expectations that the Federal Reserve could raise interest rates at its meeting next week. The average U.S. diesel price exceeded $6 per gallon for the first time in history as global fuel supplies remai...
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...
