Key Takeaways:
Corn and soybean meal markets are tightening together for the first time in more than a year, driven by lower U.S. yield expectations and continued Chinese soybean demand. A strong El Niño is replacing last year’s La Niña, shifting crop risk across the Americas through a slower U.S. harvest, weaker Brazilian corn prospects, and a stronger Argentine soybean outlook. U.S. dairy margins are narrowing as global feed costs rise, with DMC payments expected from August through December 2026 and the program’s lagged feed-cost formula likely understating near-term pressure. The production-cost gap of more than $20/cwt between the smallest and largest U.S. dairy farms is likely to widen because larger operati...
Energy: Fewer Routes, More Pressure Brent crude is back above $100, while WTI has closed higher for seven consecutive sessions as multiple supply routes come under pressure and the market runs out of workarounds. U.S. forces destroyed five Iranian crude-oil carriers Tuesday after Iran attempted...
Key Takeaways: Sunflower oil is a major global vegetable oil despite its relatively limited presence in the United States, with sunflowerseed containing substantially more oil than soybeans. Russia and Ukraine sit at the center of the global sunflower oil market, together accounting for 57 per...
Russian Grain Markets: 31 August – 4 September 2026 The Russian grain market continued its bearish trend during the first week of September, with ample stocks and weak demand keeping pressure on prices. At the same time, Russian exports are undergoing a structural shift as traders increas...
