What You Need to Know Today:
The U.S. weather forecast has shifted to favor more beneficial conditions for finishing the corn and soybean crops, which is removing some weather risk premium from futures. Traders are looking ahead to Friday’s September WASDE, which will offer major insights into what the U.S. corn and soybean supplies will look like for 2026/27. Meetings between U.S. special envoys to both Russia and Ukraine resulted in a few “decent ideas” about how to end the war, but details are few. Tensions in the Middle East escalated sharply overnight after Iran-backed Houthi rebels in Yemen attacked four Saudi Arabian cities, setting ablaze several Saudi oil installations and wounding more than 70 people.
The...
Key Takeaways: Mandatory Country of Origin Labeling would provide consumers with more consistent information about where their beef originates, but evidence from the previous COOL rule found little indication that labeling increased overall consumer demand for beef. The primary potential benef...
The California General Assembly has passed a bill aimed at increasing transparency related to ultra-processed foods. California Governor Gavin Newsom has until 30 September to take action on the bill, though it will most likely be signed into law. Late last year, California became the first sta...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s government reports that it has purchased 750,000 MT of wheat that will be delivered in November 2026, along with another 250,000 MT for later delivery. The forecasted shortfall in wheat supply for 2026/27 could be...
