What You Need to Know Today:
Headlines emerging from negotiations between President Trump and President Xi were relatively limited, with a more substantive announcement expected Monday. U.S. Trade Representative Jamieson Greer indicated that additional details related to agricultural trade could be included in the forthcoming announcement. Iran has proposed reopening the Strait of Hormuz and restarting nuclear talks with the U.S. within seven days if Washington agrees to conditions based on the previously collapsed June ceasefire agreement. Talk of a potential U.S. diesel export ban has widened WTI's discount to Brent to as much as $12/barrel, as traders weigh the possibility that export restrictions could leave excess diesel in the domest...
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...
