The bull market in Chicago continues with no end in sight. Each day that affirms excessively dry weather in South America coupled with signals of strong Chinese demand looks to drain down available stocks. From a technical standpoint, the momentum of recent price gains signals the market being overbought. The caution is that because of the human element, pricing tends to overshoot both to the lower and higher levels. Corrections can also involve oversold conditions. At present, soybeans have hit an important psychological level and corn is not far behind. The last time soybeans went over $14/bushel was in 2014 and the last time corn exceeded $5/bushel was in 2013. Beans in the teens is a cute market comment but it is also a significant thr...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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