What You Need to Know Today:
Cattle futures crashed on social media rumors that ICE raided one or possibly three fed cattle packing plants in Kansas Monday night or Tuesday morning. Operations at one plant have been disrupted and production curtailed. Outcomes for shipping via the Strait of Hormuz are as unclear as ever after Reuters reported overnight that Iran could reopen the lane within a week if the U.S. reduces its blockade and military pressure, but that Iran’s president will not meet with President Trump during this week’s UN summit. President Trump is rumored to be meeting with the Arab Gulf states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE as part of the UN General Assembly. Much of the U.S. remains un...
Markets have no shortage of headlines today, but the reaction depends on what sits underneath them. Strong economic growth comes with renewed inflation pressure. Higher crude inventories do little to solve tight diesel supplies. Rain is delaying one crop while helping another, and trade expecta...
Key Takeaways: DDGS prices have been pushing higher this summer as corn, soybean meal, and other feedstuff values have surged amid strong export demand and supply concerns. WPI’s models anticipate additional gains for DDGS values heading into early 2027, with FOB plant prices reach...
Key Takeaways: China has made significant progress toward corn self-sufficiency, with production projected to reach a record 307.0 MMT in 2026/27 while imports have fallen sharply from their 29.5 MMT peak in 2020/21. Strengthening food security has become an important priority for China, with...
