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 disconnected from historical benchmarks amid tightening feedstock availability Global weather turning more threatening, with cold and dry conditions across the U.S. and drought stress in Eastern Europe tightening grain and oilseed production outlooks Brazil’s safrinha corn facing below-normal rainfall (50–60 percent of normal), reinforcing a tightening global corn supply narrative December corn futures broke the $5.00 mark on fund buying and...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...