Tidbits, Crude Oil, Interest Rate, South America 9/7/25
- Wright team
- 3 days ago
- 5 min read
Tidbits
Crude oil: OPEC is meeting today to consider another round of production increases reflecting their expectation demand for crude oil will increase into the first part 2026 at the least. However, the EIA, most international banks, and consulting firms predict a crude oil surplus with expecting crude oil to go to $50 later this year.
Interest rate: On Friday morning, there was a sudden change in probability of an interest rate change for the next Fed meeting on 16 and 17 September. Instead of debating whether the Fed will leave rates unchanged to a quarter percent reduction, the market priced-in a 50 basis point (0.5%) rate reduction for the September meeting after poor U.S. job reports for August were published.
South America: September is when the commodity markets begin to shift focus from the Northern Hemisphere to the Southern Hemisphere crops and weather, particularly Australia for wheat and canola, Brazil, Argentina, Paraguay, and Uruguay for corn and soybeans.
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