Talk of a new commodity supercycle largely involves big money centers like petroleum, with agricultural commodities along for the ride. After all, the nearby WTI contract traded over 11 times the amount of money today than did the counterpart corn contract. Crude oil continued its upward trajectory today, now up 32 percent on the year; soybeans are up 7.5 percent. But then OPEC controls a significant portion of the oil supply whereas Mother Nature is a large determinant of soybeans. USDA’s Export Sales report would have made it a very bearish day on the CBOT except South American weather continues its ugly pattern. Those looking for volatility and impending market changers are citing three upcoming reports out of USDA:
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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...
