There was little in terms of new fundamentals today, and on generally lower volume the board saw mixed trading and results. It was a big week for HRW as the acuity of the drought in the Southern Plains becomes clearer. Overall, the trends are as follows:
It was the fourth week in a row lower for corn and lean hogs. It was the third week in a row lower for soybeans and soyoil. After three straight weeks of being lower, HRW and HRS turned higher this week. SRW turned higher after two weeks of declines. There were death crosses for corn, soybeans, and soyoil as their 20-day moving averages crossed below their 50-day MA’s.
Unlike corn, soybeans, and soyoil, soymeal did not end lower due to South American production or tarif...
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...
