This growing season’s major crops were already looking good, and now weather conditions are improving. If that doesn’t spell bearish, how about new contract lows this week for corn, soybeans, soyoil, plus SRW HRW wheats. New lows were hit today for corn and soybeans. USDA’s Agricultural Prices report released after the market closed showed grain farmers in June receiving substantially less than a year before, and prices have dropped 10 percent or more since June. Only livestock producers are in better shape this year.
Making lemonade out of lemons, U.S. crops are increasingly competitive. USDA reported a corn sale today, SRW is the lowest priced on an FOB basis, and the Chinese are rumored to be interested...
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...
