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: 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...
