Wheat had a modest reversal from yesterday’s jump higher on profit-taking, soybeans and feeder cattle continued adding value, while soyoil and pigs climbed back from yesterday’s losses. Volume in soyoil and the entire livestock complex was notably higher for a holiday week.
The strategy continues to involve selling rallies, at least until something informs otherwise. That something could involve demand, which is sorely missing this week, or something more disappointing about yields out of Brazil, which doesn’t currently seem likely. Monday’s Christmas holiday has delayed the weekly ethanol report from the Energy Department until tomorrow, and USDA’s weekly Exports Sales report will be out...
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...
