Midwest commodity futures had a bearish but mild week relative to the volatility on Wall Street. Volume in general trended lower as the week progressed and while soymeal and lean hogs reversed last week’s gains, overall the downward slope has been shallowing out. This is especially true for December corn, which has taken nearly 30 trading sessions to lose a 25 cents, or less than 6 percent.
Perhaps there is some caution because USDA can sometimes spring surprises. Monday’s August WASDE report could be a market mover, assuming it doesn’t adjust corn and soybean acres plus yields in the ways that are expected. Big crops are expected and there is nothing in the weather forecast to deter that thought. Tropical...
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...
