There was a lot of input coming at the market today, but the only significant movements came in corn and soyoil. First up was news that the Kakhovka dam and hydroelectric plant on the Dnipro River in southern Ukraine was destroyed. Early word was that farmland was flooded but the reaction was muted. It is a sad development for Ukraine, but the area impacted plays only a minor role in the country’s crop production. The flooding mostly impacts the Kherson Oblast, which is in the southeast corner of the nation. It contributes 6 percent of the wheat and barley area, 4 percent of sunflower production, and just 1 percent of corn output.
The global supply side appears to be more at risk from weather than war. Australia and Indonesi...
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...
