What Matters Today...
Fed holds rates steady as inflation uncertainty tied to the Iran conflict pressures equities and supports broader commodity risk premia Biofuel demand accelerating globally, with U.S. imports of used cooking oil and strong soyoil demand reinforcing upside across the soy complex Weather risks diverging: Brazil dryness supporting corn, while improved Plains forecasts pressure wheat 2026 wheat production outlook turning tighter with year-over-year declines forecast for Canada and Australia Funds driving price action across multiple markets, with technical breakouts in corn, soybeans, and soyoil contrasting with profit taking in wheat
Market Overview News of an extended blockade in Iran sent traders rushing to crude oil...
Macro: Relief Meets Reality July’s CPI report matched expectations. Headline inflation eased to 3.4 percent year over year, while core inflation declined to 2.5 percent. On a monthly basis, headline CPI rose 0.1 percent and core increased 0.2 percent. Equities and the U.S. dollar traded h...
Key Takeaways: Corn yield came in below expectations at 180.7 bushels per acre, validating WPI’s view that last year’s exceptional yield may have anchored analyst estimates higher. Despite slightly higher production for corn, stronger export projections tightened the balance sheet,...
