What You Need to Know Today:
Oil prices moved higher early Monday before giving back some of their gains after drone attacks forced the shutdown of Saudi Arabia’s East-West Pipeline, a critical route for bypassing constrained shipping through the Strait of Hormuz. The disruption puts roughly 4 percent of global oil supply at risk, while recent Houthi gains near the Bab al-Mandeb Strait have added another layer of uncertainty for Red Sea energy exports. The 10-year Treasury yield reached 5 percent for the first time since October 2023 ahead of this week’s Federal Reserve meeting. A rate hike is widely expected, while elevated energy prices are adding another source of inflationary pressure and keeping the possibility of addition...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the...
