What You Need to Know Today:
U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebraska and conditions were very mixed. The U.S.-Iran conflict shows no signs of abating as, over the weekend, the Wall Street Journal published a piece noting Trehan used the recent ceasefire to plan for a protracted war. On Monday, Iranian officials told Reuters they will escalate the conflict to the broader region if negotiations with the U.S. fail. Tensions in the Black Sea continue to escalate with Russia attacking another civilian ship in Ukraine&rsqu...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
