If not for the ProFarmer Crop Tour, most observers would be looking outside of the agricultural commodity markets for some entertainment this week. And there was plenty going on elsewhere from the assassination of Russian Yevgeny Prigozhin to the expansion of the BRICS, a G20 meeting, the first Republican debate, Argentina, etc. Watching crops grow, not so much. Which is probably why after the exchange of thousands of contracts, prices remain range bound.
Soybean speculators have spent the past few weeks reducing their net long position in soybeans but according to today’s CFTC data, that just reversed with them adding 8.2 percent to a new net long of 25,787 contracts. Even the crop tour was relatively drama-free. This band...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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...
