Key Takeaways:
On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 million tons “immediately thereafter.” The move raises serious questions, such as whether Russia can export the stated volumes, whether the imports will move the needle on U.S. prices, and how this impacts international diplomacy and sanctions.
The (So Far Sparse) Details Honestly, we wish we had more to go on regarding the details of the agreement, but concrete facts are hard to pin down right now. On Friday afternoon, however, President...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
