For the bull’s, let us count the ways:
Midwest weather has turned back hot and dry. Russia is blowing up Ukraine’s grain export capacity; the IGC tightened its global wheat and rice stock numbers; China’s economy is in doubt; and the Fed may not be finished raising rates.
We try to use data to understand markets and not just intuition, but at the same time, humans prefer there be a human somewhere in the loop. Both data and humans have been caught in the same loop for weeks and the result has been a slow but steady slide, but mostly sideways. Today was more of the same. Trading ranges were generally narrow, and trading volume was modest, except in bean oil and feeder cattle.
Crop progress re...
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...
