After days of flat to faltering closes, corn and soybeans have now rebounded the past two days, and today wheat joined the rally. In two days, July corn has gained 13 cents and July soybeans are up 36 cents.
USDA’s Export Sales report showed old crop washouts and lower actual exports. Old crop wheat export sales are trending down as buyers switch to 2024/25 supplies. New soybean commitments were up, but exports at 269,100 MT were at a marketing year low. Old crop soymeal sales were down, but new crop sales were up. Soyoil purchases and exports were both lower.
Weather whipsaws the market as rains are either too much, too little, or in the U.S. just about right. On the bearish side is a trough in the middle of the...
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...
