Saudi airstrikes in southern Yemen hit STC-linked targets and for the first time accused weapons of arriving via UAE channels, exposing a widening rift between Riyadh and Abu Dhabi and adding fresh geopolitical risk to Middle East oil markets.
PBoC cut rates just once this year, defying expectations for aggressive easing. With concerns over banks, currency stability and deflation, policymakers are shifting the burden to fiscal stimulus in 2026.
Lean hog futures mixed; CME Lean Hog Index up 13c to $83.84. Pork cutout down $1.75. Slaughter lags.
Corn futures dip 7-8 cents as exports slow; cash price hits $3.99. Record 1B+ bu shipped YTD.
Live cattle futures dip 17-92 cents; feeder cattle gain on strong index. Boxed beef mixed, slaughter down. Coffee prices rise on Brazil rain.
Cotton futures dip 10-15 pts; Cotlook A Index up 50 pts to 74.00. Crude oil gains $1.09. US Dollar steady.
Frontera secures $120M Chevron deal, boosting liquidity with SOFR+4.25% cost. Traders eye Colombia's oil outlook.
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