Putin’s threats to Ukraine’s exports dominated yesterday’s trading, together with concerns about macroeconomic contraction, but both issues were somewhat muted today. The ECB raised interest rates 75 basis points, the largest increase in 23 years, but impressions remold into believing central bank concerns are rooted in economic growth that is fundamentally expansionary. In a similar vein, Ukraine’s grain exports may continue if the White House is correct in asserting that the grain export corridor is not falling apart and is having its intended effect. However, it seems unlikely that Putin is in a generous mood while Ukraine presses a counter-offensive. Ukrainian exports will be reduced no matter what.
Trade esti...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
