Trading opened today’s session mostly in the green, except for feeder cattle, but late in the session corn and the soybean complex turned lower. Notables for the week included new contract lows for:
November soybeans December soymeal September SRW September HRW September HRS
Weather will continue to drive this market and an active front brings bearish showers across the Midwest next week and delivers some relief to the parched southeast. However, the high heat in the west drifts eastward later in the week. The Climate Prediction Center issued its three-month drought outlook for the U.S. As noted by Dave Juday in yesterday’s Livestock Roundup, the drought in the southeastern U.S. has adversely impacted th...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
