Key Takeaways
Weather conditions in China and India are deteriorating and threatening the wheat crops. Drought conditions in China are not without precedent, and modeling efforts suggest a modest 1.5 percent yield reduction vs. 2025. India’s wheat yields are forecast to fall 3 percent and pare back production to 116.3 MMT. China’s wheat demand is likely to contract slightly due to poor livestock profitability and reduced human consumption. China’s wheat ending stocks for 2026/27 are forecast to be only slightly less massive than normal, suggesting no serious supply shortage risk. WPI’s supply and consumption forecasts indicate no threat to either Chinese or Indian supplies for 2026/27 and limited risk of dynam...
Markets are getting into the Halloween spirit, handing out more tricks than treats. There has been some encouraging news, but it hasn’t been enough to slow the broader slide. Now buyers need to show up with something other than another “Charlie Brown” rock for the bag. Somethi...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
