Sometime in the future, nations will decide that globalization and integration have greater benefit for their people, and the negotiated reunion of nations will be more thoughtful and permanent. Meaning of Brexit A pro-Remain headline warned of the “Perils of Populism,” but what it really means is the perils of democracy, and there will be plenty more of that ahead. Some thoughts:
Divorce: Only two nations prohibit a dysfunctional couple from divorcing one another (the Philippines and the Vatican City), which implies that society sees less harm in breaking up than in staying together unhappily. That does not mean that the cost is not high, just that a relative judgement has been made. Farmers: The UK’s farmers benefit substantially fr...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
