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: Early Tuesday, the U.S. Energy Secretary said vessel traffic through the Strait of Hormuz is rising in a “very meaningful way.” Tuesday afternoon, however, President Trump said Iran shot down a U.S. helicopter while it was patrolling the Strait of Hormu...
Miscellaneous Initial excitement over China’s pledges to buy American farm products has faded, as no purchases have immediately materialized. USDA Deputy Secretary Stephen Vaden said he is confident that China will meet its purchase commitments from the U.S., but market conditions and tra...
In January of this year, the House passed House Resolution 375, which established an E15 Rural Domestic Energy Council and directed the council to investigate the sale of E15, to develop legislative solutions, and to submit those solutions to Congress. E15 legislation was included in a short-te...
