Key Takeaways:
Wheat markets are supported by U.S. weather risk, though EU fundamentals remain bearish on strong supply, weak demand, and currency pressure. Upside is limited, with global strength unlikely to drive sustained EU gains. Maize markets are firming on Brazil weather risk and tighter old crop availability, with feed demand beginning to recover. Near-term support is likely, though large supplies should cap rallies. Malting barley markets remain inactive with limited demand and burdensome carryover stocks. Prices are expected to remain flat. Feed barley markets are strengthening as wheat gains improve feed competitiveness and old crop stocks tighten. Downside risk is limited into the marketing year-end. Oilseed markets are consoli...
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Key Takeaways: The situation in the Arab Gulf is little changed this week, which is to say it is a day-by-day – and sometimes hour-by-hour – judgment call as to what is or will happen. There are some vessels transiting the Strait of Hormuz, but transits are a fraction of what they...
