Never understood the market phrase “friendly” – friendly to whom? Today’s market was not too unfriendly to anyone from the standpoint that up or down, there were no dramatic swings. Call it light volatility. Key points:
The results were mixed with corn, soymeal, and livestock higher, soybeans and wheat lower. There was higher volume in HRW, live cattle and lean hogs. Generally, narrow trading ranges. Mostly single digit changes. A new contract low was hit in HRS.
Thus far this week, corn and soybeans have been holding on, but wheat is getting dragged lower.
The session opened with USDA’s weekly Export Sales report. New wheat commitments exceeded even the high pre-report estimate, though it di...
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...
