Looming East Coast Port Strike: Billions at Risk as Deadline Approaches
A strike by longshoremen from Maine to Texas appears increasingly likely, with the October 1 deadline for a deal fast approaching. Despite months of negotiations, no agreement is in sight. The potential strike could disrupt supply chains and have a significant economic impact, with daily strikes potentially costing billions of dollars. While the government has […]
Fed Cuts Rates by 0.50%: What’s Next for Borrowers and the Economy?
In a move anticipated by many, though surprising in its size, the Federal Reserve cut rates by 50 basis points in September. This significant reduction is expected to lower borrowing costs over the coming months, offering a positive outlook for inflation control, consumer sentiment, and borrowing power for individuals and businesses. However, the long-term effects […]
U.S. Corn and Soybean Prices Plunge to Multi-Year Lows
U.S. corn and soybean prices hit multi-year lows in August, continuing a steady decline since May and reaching their lowest levels since August 2020. The price drops can be partly attributed to China increasing its imports of Brazilian soybeans instead of U.S. soybeans, although low global demand is likely a more significant factor. The depressed […]
EU Targets Chinese Biodiesel Imports with New Tariffs
Global scrutiny of Chinese import pricing continued last month with the introduction of new anti-dumping tariffs on Chinese biodiesel imports into Europe. This move comes at a time when Europe’s biodiesel regulations and overall demand are in flux. The anti-dumping duties on Chinese imports follow similar actions taken against electric vehicles, as well as the […]
Prepare for a Busy September: Hurricane Season Intensifies
After a quick start to hurricane activity in the Gulf, it’s crucial not to underestimate this year’s hurricane season. Meteorologists are predicting one of the busiest Septembers in the past five years, with a flurry of activity and storms beginning to form in the South Atlantic. Click here to learn more.
