Key Takeaways:
- Dry bulk markets are mixed this week with the Capesize sector seeing a sharp correction from its recent rally. Smaller vessel classes are steady/firmer but the Chinese Golden Week Holiday is pressuring near-term rates.
- Dry bulk freight did not receive the bullish boost it was hoping for following last week’s Trump-Xi trade summit in Washington, in which China did not agree to import more U.S. soybeans or lower tariffs. China did lower tariffs on other products, including corn, sorghum, and wheat, which could offer modest support to freight demand, but added soybean shipments was the nonexistent headline that could pressure freight going forward.
- The Panama Canal has added another daily transit slot starting ...
August 2026 milk production, the four-class pricing system, and the 2025 Federal Milk Marketing Order reforms Key Takeaways: U.S. milk production is growing because the herd is larger, not because cows are producing more milk. August output increased 1.7 percent, even as production per cow dec...
Markets are getting a quarter-end reality check as September comes to a close. Growth, inflation and interest rates remain central to the macro outlook, while tight diesel supplies keep pressure on the cost of moving goods. States are stepping in with relief, but policy changes alone cannot reb...
Key Takeaways: Russia recently said it would convert existing export terminals in the Baltic and Arctic Seas to handle grain as the Black and Azov Seas remain closed to maritime trade. Futures markets reacted negatively to this news, but does the conversion matter to short-term and long-...
