Markets were all lower overnight, and that pattern accelerated throughout today’s session with wheat, corn and soybeans all suffering big losses at the close. The two primary factors in today’s markets are the following:
Corn Belt weather looks wet for the first half of this week. The latest forecasts indicate that heat and dryness will follow but not continue for a prolonged period. China’s president made comments over the weekend indicating that country is ready for a trade fight. The 6 July deadline for implementation of the proposed tariffs is now little more than a week away.
U.S. equity markets were also getting smashed today. Crude oil and the U.S. dollar were lower as well.
Corn FUTURES Corn can...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
