What You Need to Know Today:
Pro Farmer’s crop tour pegged the 2026 U.S. corn crop at 173.2 BPA and anticipated a 15.344 Bbu crop – both figures well below expectations. Pro Farmer forecast 2026 U.S. soybean yields at 53.3 BPA, above most private estimates and USDA’s August WASDE, and forecast a 4.572-Bbu crop. The EU’s MARS crop monitoring unit forecast the 2026 EU corn yield at 6.61 MT/ha, down from the 6.93 MT/ha forecast last month. Russia attacked another vessel in Ukraine’s Black Sea port over the weekend, but Ukrainian President Zelenskiy said three or four vessels daily are still entering the country’s ports, despite the attacks. Saudi Arabia’s state shipping company said one of its vessels...
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...
