The WTI Crude oil futures saw its third consecutive day of gains from the impacts of Hurricane Francine in the Gulf of Mexico and the contract remains up on the week. Francine made landfall on Wednesday on the Louisiana coast and has now been downgraded to a tropical storm. It is tracking well inland and is expected to be in northeast Arkansas by this evening. Inland crude production has not been materially affected. Production will soon start to recover, and the hurricane rally may prove to be short lived, but Francine was more impactful than Hurricane Beryl this past July. Hurricane season will last through November.
Nonetheless, infrastructure was taken offline from Louisiana to Alabama, which has an impact on...
What Matters Today... Fed holds rates steady as inflation uncertainty tied to the Iran conflict pressures equities and supports broader commodity risk premia Biofuel demand accelerating globally, with U.S. imports of used cooking oil and strong soyoil demand reinforcing upside across the soy c...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...
