What You Need to Know Today:
CBOT markets pared Monday’s sharp losses as traders booked short profits and adjusted positions ahead of the Grain Stocks report that USDA will release Wednesday afternoon. The 7-day QPF forecast from NOAA now shows heavy rain across the central and western Corn Belt, with some moisture for the eastern Corn Belt as well. The rains could delay harvest and deteriorate quality in soybeans. Russia early Tuesday struck two foreign-flagged commercial vessels in the Black Sea and attacked 10 Ukrainian cities, damaging electricity and energy facilities as well as residential structures.
The Big Picture: Wet weather for the core corn and soybean growing states has pushed the 2026 harvest progress down to even wit...
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...
