The Closing Bell Wrap-Up is back after covering for WPI’s Bob Kohlmeyer last week. And what a week it was. The WASDE created a bearish selling party while the cattle and hog markets headed the opposite direction in a hurricane-fueled rally. Wall Street is higher as of this writing with the S&P 500 and the Dow slightly higher amid fading anxiety over the U.S.-China trade war. The dollar fell as investor sentiment improved regarding emerging/foreign economies and the risks they face. Crude oil prices are above $70/barrel as the EIA’s weekly data showed crude inventories falling to three-and-a-half year lows, marking the fifth weekly decline.
Corn December corn closed 2 ½ cents higher, reluctantly...
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 di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
