Volume was expected to be light today given yesterday’s holiday and a weekend ahead. And it was low for corn, soybeans, soymeal, and all three wheats. Plus, there is little new or different information when it comes to fundamentals. For the week, it was soyoil that stood out above the crowd, but it was generally a recovery week for most of the major agricultural commodity contracts.
USDA’s weekly Export Sales report was delayed until today due to the July 4th holiday. Notably, wheat sales topped market expectations, corn sales disappointed, soy complex sales were down but pork exports hit a marketing year high.
July is going to continue to be hot, which is fine provided there is sufficient rainfall. Un...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
