Key Takeaways:
- Dry bulk markets are steady/firmer this week with Handysize vessels making the biggest gains.
- In particular, strong grain demand has improved Handysize rates, along with charterers dipping down into the smaller vessel classes after the recent Panamax and Supra/Ultramax rallies.
- Geopolitical tensions remain high in the Middle East and Black Sea, which has vessel owners keeping rates above FFA values, though charterers are pushing back and widening bid-ask spreads.
- Tanker markets continue to see massive price gains as ...
What You Need to Know Today: USDA cut the 2026 corn yield forecast by 1.6 BPA to 179.6, shaving 141 Mbu off the crop. Corn ending stocks were cut by 91 Mbu to a level that pushed the ending stocks-to-use (ESU) ratio to 10.8 percent. Conversely, USDA raised the soybean yield forecast 0.2 BPA to...
Key Takeaways: Expanding U.S. soybean crushing capacity is strengthening domestic demand, driven largely by growing soyoil consumption from the renewable diesel and biofuels industries. Despite increased domestic processing, substantial quantities of U.S. soybeans are expected to remain availa...
