There was red across the board today as ags and outside markets collectively absorbed the Fed’s message of potentially longer-term costlier money and consequently slower growth. Adding to the weight was a U.S. dollar that hasn’t traded this high since 8 March.
There was some higher volume in soyoil and lean hogs, the former chasing global edible oil prices lower. Contracts traded lower all session but there was one last larger dip downward near the close. The ranges are mostly holding but at their lower levels. It is a trend that may be difficult to break. USDA’s export sales report reinforced the sluggishness in moving grain abroad as most commitments continue to trail year ago levels. Meanwhile, Ukraine is loadi...
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...
