Regional Update The European weather has been more favorable for spring fieldwork and crop development this past week, with most of the continent receiving below-average rainfall last week. The coming week will be drier-than-normal for most of the continent as well, though rainfall in Spain will exceed typical volumes. The drier trend is welcome after spring fieldwork has been delayed due to excessively wet weather last fall and early this spring.
Spring crop planting in Russia continues to run two weeks ahead of normal, boosted by dry, warm weather. That weather trend, however, is starting to cause some concerns for parts of Russia and Ukraine that a drought may develop in early 2020. Early Monday, Kazakhstan announced i...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
