Markets opened mostly negative following an overnight session that involved some red. However, there was a turnaround mid-session that saw much of the market rebound and end in the green. Ags were in sharp contrast with outside markets that mostly bled ahead of tomorrow’s jobs report. Week to date, December corn is up 20.75 cents, November soybeans are up 5.75 cents and December SRW has risen 36.75 cents. The question is whether this can last?
The problem is not fundamentals but external markets. Ten-year Treasuries have now spiked to the highest level since 2007 and the whole bond market is sucking the wind out of equities. There are now warnings that borrowing costs may rise to the point of causing a recession. Mortgage rates hit...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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...
