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: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
