What You Need to Know Today:
Non-farm payrolls rose by 172,000 jobs in May, above economist expectations of 80,000 jobs. With the job market strong, the Fed may consider raising interest rates to tame inflation. The strong jobs report was a catalyst for lower risk appetite across financial and commodity markets. Live cattle and feeder cattle ended the day essentially flat after yesterday’s limit move in feeder cattle. There were no reports of additional cases in the U.S. outside of the one that already made headlines. Weather remains favorable for key corn and soybean growing areas with rains in the forecast. Temperatures are towards the warmer side, but not hot enough to cause any major stress to the crop.
Outside Markets: Bond yie...
What You Need to Know Today: The conflict between the U.S. and Iran continues to escalate with the two sides exchanging attacks over the weekend. President Trump said Iran “will pay” for recent attacks that claimed the lives of U.S. troops stationed in Jordan. There are some signs...
Key Takeaways: Russia’s diesel export ban is tightening global fuel supplies and increasing dependence on alternative exporters. Limited refining capacity and logistical constraints make diesel markets especially sensitive to supply disruptions. Diesel supply disruptions are more difficu...
