Tidbits, Fuel & Crude Oil, Russian Wheat, Fertilizer, Broilers & Ethanol 3/19/26
- Wright team
- 2 hours ago
- 5 min read
Tidbits
The Federal Reserve left the fed funds rate unchanged yesterday afternoon, as was expected.
Flash sale: Yesterday, the USDA announced the sale of 120,000 mts of new crop soybean meal to unknown.
Oil exports through Saudi Arabia's Yanbu port on the Red Sea are projected to reach a high of 3.8 million barrels per day this month. Average loadings from that port rose to 2.6 million bpd so far in March, up from 1.4 million bpd in February and 1.3 million bpd in January. After the Hormuz Strait was closed, Saudi Arabia lost an estimated 2 to 2.5 million barrels per day in exports; Iraq lost 2.9 mb/d: UAE lost 500,000 to 800,000 b/d; Qatar and Kuwait each lost 500,000 b/d.
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