Key Market Insights
Markets aren’t trading fundamentals right now—they’re pricing risk. The Middle East remains the center of gravity, and the latest developments point to a situation that is not escalating—but not resolving either. That’s a difficult environment for markets to gain conviction. The U.S. has indefinitely extended its ceasefire with Iran, but peace talks remain on hold. At the same time, the Strait of Hormuz remains effectively restricted, with reports of ships coming under fire and Iranian tankers going dark to bypass enforcement. Add in rising tensions with China after the U.S. flagged a “gift” shipment to Iran, and it’s clear this situation is far from stable—even if a...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
