This was an interesting start to October and the new quarter. Markets were quiet overnight with little price movement. However, that changed significantly at today’s openings with corn and soybeans turning sharply higher. Meanwhile, wheat futures continued to hover around unchanged. There were several factors that might have brought buyers back at least to corn and soybeans), including the following:
The U.S. and Canada resolved their trade dispute. While this agreement isn’t significant for U.S. agriculture except for a small portion of the dairy industry, it does have some saying a China deal might not be as distant as it seems. The U.S. Corn Belt weather forecast indicates cold and wet conditions for some time, which will...
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...
