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 complex Weather risks diverging: Brazil dryness supporting corn, while improved Plains forecasts pressure wheat 2026 wheat production outlook turning tighter with year-over-year declines forecast for Canada and Australia Funds driving price action across multiple markets, with technical breakouts in corn, soybeans, and soyoil contrasting with profit taking in wheat

Market Overview News of an extended blockade in Iran sent traders rushing to crude oil...