What You Need to Know Today:
The U.S. weather forecast has shifted to favor more beneficial conditions for finishing the corn and soybean crops, which is removing some weather risk premium from futures. Traders are looking ahead to Friday’s September WASDE, which will offer major insights into what the U.S. corn and soybean supplies will look like for 2026/27. Meetings between U.S. special envoys to both Russia and Ukraine resulted in a few “decent ideas” about how to end the war, but details are few. Tensions in the Middle East escalated sharply overnight after Iran-backed Houthi rebels in Yemen attacked four Saudi Arabian cities, setting ablaze several Saudi oil installations and wounding more than 70 people.
The...
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...
