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: 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...
