Dry bulk markets were quiet this week with the bullish momentum of the past few weeks fading and allowing values to slip lower. September is usually a lackluster month for freight markets as shippers await the North American grain harvest. The lack of Chinese buying of American soybeans is notable this year and PNW vessel lineups are sharply reduced and export demand is badly needed. The PNW/Gulf export spreads are trying hard to incentivize movement from the PNW. On a C&F basis, corn offers from the PNW (including FOB prices and ocean freight rates) are $30/MT cheaper than the Gulf at present, which is the largest difference since late 2023.
Jay O’Neil is reporting that the Bangladesh wheat trade from the Texas Gulf was fi...
What You Need to Know Today: Headlines emerging from negotiations between President Trump and President Xi were relatively limited, with a more substantive announcement expected Monday. U.S. Trade Representative Jamieson Greer indicated that additional details related to agricultural trade cou...
The heat of summer is now transitioning into more moderate temperatures, and the next two months have the busiest marketing periods of the year for replacement cattle. Weather always influences the replacement cattle market, and the primary grain belt in the Southern Plains, where many cattle a...
Key Takeaways: Diesel accounts for about 64 percent of U.S. farm fuel spending. For farmers, the pressing question is what a higher price adds to each field operation. Iowa farm diesel averaged $5.50/gallon in September, compared with the $2.89/gallon Iowa State assumed for its February machin...
