What You Need to Know Today:
President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iranian missile attacks on ships passing through the corridor. The U.S. revoked Iranian oil sales authorization yesterday after Iranian attacks on tankers. President Trump also ordered an immediate halt to trade with Spain, citing the country's insufficient commitment to defense spending. Spain typically imports enough corn and soybeans from the U.S. so that any prolonged trade dispute would have a meaningful impact on total U.S. exports. The USDA confirm...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
