News

The U.S. Department of Agriculture (USDA) projects the U.S. soybean production for the 2026/2027 marketing year at 4.535 billion bushels in September, compared to a market expectation of 4.501 billion bushels and an August forecast of 4.519 billion bushels. The September forecast for U.S. soybean ending stocks for the 2026/2027 marketing year is 310 million bushels, compared to a market expectation of 298 million bushels and an August forecast of 320 million bushels. The September forecast for U.S. soybean yield for the 2026/2027 marketing year is 52.8 bushels per acre, compared to a market expectation of 52.5 bushels per acre and an August forecast of 52.7 bushels per acre.

Tesla (TSLA.O): Semi Truck is coming to Europe.

Stellantis will invest over €1 billion to produce new vans in France.

Market news: A US court blocked Trump's executive order to keep a coal-fired power plant in Michigan running.

The Indian Ministry of External Affairs stated that during his meeting with Iranian President Pezechzian, Indian Prime Minister Modi emphasized the importance of ongoing efforts to ensure lasting peace and stability in the region.

The Kremlin stated that Russia is willing to negotiate and seek to hold a trilateral meeting.

Oracle (ORCL.N) reversed course and fell after rising as much as 8%.

TD Securities changed its September interest rate forecast for the Federal Reserve from "unchanged" to "rate hike".

The preliminary reading for the U.S. five- to ten-year inflation rate in September was 3.4%, compared to a forecast of 3.3% and a previous reading of 3.30%.

The preliminary reading for the US one-year inflation rate in September was 4.6%, lower than the expected 4.2% and the previous reading of 4.00%.

The preliminary reading of the University of Michigan Current Conditions Index for September was 50.9, below the expected 51.3 and the previous reading of 51.9.

The preliminary reading of the University of Michigan Expectations Index for September was 45.8, below the expected 50.5 and the previous reading of 51.5.

The preliminary reading of the University of Michigan Consumer Sentiment Index for September was 47.8, below the expected 51 and the previous reading of 51.7.

Iranian President Peshizian: The pressure exerted by the United States on Tehran has reached a "dangerous" stage.

TD Securities: We now expect the Federal Reserve to raise interest rates this month, after previously expecting a rate cut.

White House National Economic Council Director Hassett: President Trump is very serious about the $5,000 proposal to be distributed in a fiscally responsible manner.

The preliminary value of the University of Michigan Consumer Confidence Index and the preliminary value of the one-year inflation rate forecast for September will be released in ten minutes.

White House National Economic Council Director Hassett: Inflation has clearly slowed over the past three months.

White House National Economic Council Director Hassett: If the Federal Reserve raises interest rates, President Trump will definitely comment.

Chevron CEO: The Trump administration has spoken with Ukraine about the attack on Black Sea oil infrastructure.