Markets were higher in the overnight and were all green at the open this morning. By the end of the session, most remained higher except meal and HRS. It was mostly a bounce back Friday instead of a profit taking end of the week. Though there was generally some of the lowest volumes traded for the whole week. The WASDE set the stage and corn and soybeans went their separate ways with the RSI in corn now down at 37.7 and soybeans shooting up to 58.1 as sentiment diverges. Weekly Change: It was a mixed week for the major agricultural commodities with close to half lower and half higher.
It was a second week higher for soymeal. It was the fourth straight week lower for HRW, SRW and corn. It was the eight consecutive week higher fo...
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...
