USDA is scheduled to release its September WASDE report this Thursday at 11:00 Central time. Funds will enter this report net short across the board, which makes it expensively important that bearish data backs the major trends at hand. Traders are selling the market into the report expecting to find numbers not very different than August data. General expectations include a possible cut to corn exports and yield, possibly tighter bean carry-outs with slightly smaller yield, and possibly higher wheat exports given the pace of recent export inspections and export sales reports. The following tables assembled by the Dow Jones’ Wall Street Journal reflect the guestimates going into Thursday:
Tec...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
