What You Need to Know Today:
After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to fulfilling its 25 MMT purchase commitment. This follows the 470 KMT soybean flash sale to China announced yesterday. NOPA reported September soybean crush at 196.3 million bushels, the lowest monthly total in 13 months and below expectations of 203.7 million bushels. While seasonal maintenance and September's shorter calendar month contributed to the slowdown, the unusual year-over-year decline raises questions about the pace of soybean processing demand...
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...
