The see-sawing this week over the war reflects the folly of buying the rumor. Hopes that Vladimir Putin will end the war ended after he said he would continue pursuing Ukrainian “traitors and western aligned scum.” Given his long history of misleading, no one should have been selling wheat like they did yesterday. The selling was so deep that the trading limit for SRW and HRW was moved up to $1.30 for today’s trading, but it wasn’t necessary. Wheat is back net higher for the past five days’ trading, while soybeans and corn are down slightly.
Volume was not very large today, indicating a possible consensus about true value, or complete cluelessness. USDA’s Export Sales report this mo...
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump annou...
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet c...
Key Takeaways: Vertical farming offers year-round production, reduced water use, and the ability to grow fresh produce closer to consumers. High electricity consumption for lighting and climate control has proven to be the industry's biggest obstacle to profitability. Large upfront investments...
