Key Takeaways:
Corn prices will see support in 2026/27 and likely average $5.11/bushel for farm-gate values across the marketing year. Support for corn values comes from an 8 percent year-over-year reduction in supplies that is only partially offset by a 2 percent reduction in total use. Soybeans’ 2026/27 outlook depends greatly on whether China purchases 25 MMT of soybeans. Currently, WPI holds this scenario as the most likely case, which we believe will pare back soybean ending stocks substantially. Between Chinese demand and curtailed domestic production, WPI looks for soybean ending stocks to fall to 235 Mbu and push prices into the $13.22/bushel level. Expectations for the Black Sea conflict to seriously boost U.S. wheat shipmen...
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...
