The weak jobs report sent most economic indices lower, except for gold. The dollar slumped lower despite the increased likelihood of interest rate cuts. Corn, soybeans and some wheat contract teased higher at the start of the session but they couldn’t hold. There was yet another new contract low for HRS. Outside markets put the bears in charge. It was a tough week all around for bulls, unless they are into pigs. Corn was the least damaged in the grains.
After 10 straight higher weekly closes, Live Cattle went down this week. It was the seventh week in a row lower for HRW. The third week higher for hogs. The third week lower for soymeal. The second week in a row closing lower for soybeans and soyoil.
Reports...
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...
