Corn traded over $6/bushel for the first time since 2013. The Chinese continue to buy and now biofuels demand is bouncing back. One buyer said corn is actually getting harder to find and buy. Overall surplus global grain stocks are down 8 percent from 2016/17 at the same time consumption continues to grow at 2 percent per year. Some call it a mini super-cycle and the risk of inflation is bringing even more capital into commodities. Bloomberg points out that the word “shortages” has increased in occurrence substantially in the Federal Reserve’s Beige Book, which is published eight times a year.
The good news is that pushing commodities past psychological thresholds like $6 corn and $14 soybeans prompts farmers to s...
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...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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...
