Tidbits, NOPA Crush, Brazilian & EU Crops, China Rumors, Wheat Tenders, India 9/16/26
Tidbits
The Federal Reserve will announce its interest rate decision at 1 PM Central Time today. The market expects a quarter percent point increase.
Did China suspend the tariffs on U.S. soybeans? Around 11 AM Central time yesterday a marketing service reported China had lifted the tariff on U.S. beans. However, we could find no confirmation of such action. We do expect that will be one of the positive things that will be announced next week when China’s President Xi comes to the White House.
Canada's harvest is struggling as regular rains come at the wrong time for the world's biggest exporter of canola and major wheat producer. Reuters reports worries are growing that what could have been a best-ever crop for many Western Canadian farmers is getting knocked down in quality, potentially lowering farmers' income prospects and leaving the world's markets with less of a top-quality crop. Statistics Canada is scheduled to issue its first crop production estimates today, but analysts note that damage from the rains occurred after the agency's analysis was conducted.
Soy Crush: The National Oilseed Processors Association (NOPA) reported yesterday its members crushed 205.5 million bushels of soybeans in August, 8.2% more than a year ago, but 3% less than the market expected. Soy oil stocks, at 1.2 billion lbs. were below the expected 1.257, which is down 4.4% from a year ago and the lowest month-end inventory since November 2024. To learn more about the NOPA, go to: https://www.wrightonthemarket.com/post/about-the-nopa
Want to read more?
Subscribe to wrightonthemarket.com to keep reading this exclusive post.
