Tidbits, PMI, Crop & Export Estimates, Spain, ENSO, Export Inspections & Sales 12/2/25
- Wright team
- 42 minutes ago
- 4 min read
Tidbits
OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meetings on Sunday as the group slows down its push to regain market share amid fears of a looming supply glut.
The U.S. Manufacturing PMI by S&P showed continued expansion in November, with a reading of 52.2, from 52.5 in October and well above 50, indicating sector growth for a fourth consecutive month; the index suggests slow improvement in operating conditions, driven by a strong rise in factory production and a further increase in employment. Manufacturing has been growing for most of the year, aside from a brief dip in July.
StoneX cut Brazil’s 2025/26 soybean production forecast to 177.2 million mts, down 0.9% from its November projection due to productivity declines in Mato Grosso and Goias despite a modest rise in planted area and ongoing irregular rainfall affecting output potential; the agency still sees a record crop. Their corn projected total production is at 134.4 million mts, down 0.6%, with the second crop trimmed 1.1% to 105.8 million mts due to delays in the soybean cycle impacting planting start.
Want to read more?
Subscribe to wrightonthemarket.com to keep reading this exclusive post.