The U.S. rail shuttle freight market, at least the BNSF, seems to be softening. If the weakness in shuttle rates stays, it should mean that interior basis levels will start to strengthen. That might shake some post-harvest selling loose.It is Halloween, and there seemed to be plenty to spook all markets today. We had big swings in commodities throughout the session and new record-highs in U.S. financial markets. Here are a few other things to worry about tonight:
The U.S. rail shuttle freight market, at least the BNSF, seems to be softening. The aftermarket has been trading around $4,000 above tariff for the past several months through the harvest period and into December/January. December shuttles have been offered as low as $1,500 with...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
