Key Takeaways:
WPI’s 2025/26 corn export models continue to reflect strong international demand and put the total marketing year volume slightly above USDA’s estimates. Strong old crop corn exports are offset by weaker feed and residual use, leaving ending stocks slightly elevated. New crop corn supplies are forecast below USDA’s July estimates while our demand outlook is similarly reduced, leaving ending stocks very similar to 2025/26 levels and suggesting forward pricing stability. The U.S. 2025/26 soybean balance sheet has potential, in WPI’s view, to loosen a bit in the upcoming WASDE, though the current price rally will boost the farm-gate average price. The new crop soybean outlook is bifurcated into two...
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...
