Tidbits, Q&A: Puts & Strong Market, Panama, Brazil Crops, Wildfire, Wheat Rally 2/25/26
- Wright team
- 3 days ago
- 6 min read
Tidbits
First notice day for March futures is this coming Friday.
Panama has reassigned control of two key ports from Chinese operator CK Hutchinson to two European operators after nearly three decades in Chinese hands. CK Hutchison said Panama's decision to cancel key port contracts and grant temporary licences to Maersk and Mediterranean Shipping was “unlawful” as it considers national and international legal action against Panama and third parties.
U.S. President Donald Trump has pushed to curb Chinese influence over the Panama Canal, which carries about 5% of global maritime trade.
Brazil: Dr. Michael Cordonnier has lowered his Brazilian soybean production estimate by 1 million to 178 million mts with a neutral bias, just below the USDA’s 180 million mts but above CONAB’s 177 million mts. He cites excessive rains in central Brazil and a lack of rain in Rio Grande do Sol for the reduction.
Dr. Cordonnier has lowered his Brazilian corn production estimate by 1 million to 135 million mts with a neutral to lower bias. His estimate is still above the USDA forecast of 131 million mts, however below Conab’s 138.4 million mts. He notes the ideal planting window for the safrinha crop has passed with only 50% in the ground vs 64% last year.
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