What You Need to Know Today:
There is a global rotation out of tech stocks right now amid profit-taking and expectations of interest rate hikes later this year. The White House said Iran will use its upcoming unsanctioned oil revenue to buy U.S. agricultural products, a claim that Iran later said would not involve U.S. corn, soybeans, or wheat. Geopolitical tensions easing in the Persian Gulf are creating incentives for money managers to pull risk out of the market, which is dragging wheat futures lower. Favorable U.S. crop weather is pressuring corn and soybeans, with the former looking vulnerable to further downside moves, possibly to fresh contract lows.
The Big Picture: Risk-off and profit-taking were the big themes in financial...
What You Need to Know Today: Headlines emerging from negotiations between President Trump and President Xi were relatively limited, with a more substantive announcement expected Monday. U.S. Trade Representative Jamieson Greer indicated that additional details related to agricultural trade cou...
The heat of summer is now transitioning into more moderate temperatures, and the next two months have the busiest marketing periods of the year for replacement cattle. Weather always influences the replacement cattle market, and the primary grain belt in the Southern Plains, where many cattle a...
Key Takeaways: Diesel accounts for about 64 percent of U.S. farm fuel spending. For farmers, the pressing question is what a higher price adds to each field operation. Iowa farm diesel averaged $5.50/gallon in September, compared with the $2.89/gallon Iowa State assumed for its February machin...
