The Thanksgiving holiday isn’t until next week, but the CBOT is starting to feel like traders are taking their vacation time a little early. Trading volumes were muted on Wednesday and other than the KC wheat market and soyoil futures, none of the major ag markets made major technical moves. Markets seem to be either settling into a post-harvest, demand-driven sluggish trading pattern or are being whipsawed by confusing policy outlooks. Some of Wednesday’s weakness came from Russian President Putin saying he would be willing to negotiate a ceasefire deal in Ukraine with President Trump, but only on his terms. That news was blunted by the U.S.’ closure of its embassy in Ukraine due to fears of Russian air strikes in retaliation to Ukraine’s...
Accountability and a comprehensive approach to export programming
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What You Need to Know Today: U.S. naval escorts through the Strait of Hormuz and renewed Iranian attacks on vessels and UAE infrastructure are sustaining geopolitical risk across energy and commodity markets Broad profit taking and weaker crude oil triggered a pullback across grains, signaling...
The House Energy and Commerce Subcommittee on Health held a hearing on legislative proposals concerning food regulation and oversight. The hearing was focused on a wide range of bills, in keeping with the Make America Healthy Again (MAHA) agenda, ranging from anti–plant-based dairy produc...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt and Algeria, in addition to Israel, are being monitored by Ukraine as possible destinations for grain taken by Russia from occupied Ukrainian regions. In April, Egypt had said that it would “stop accepting such shipmen...