CORN With a rainy start to April and excess moisture across much of Argentina’s agricultural region, the corn harvest has slowed, advancing just 2 percentage points over the past week to reach 21 percent of the total area. Rainfall during the second and third dekads of March was significant and consistently above normal, setting the stage for current soil moisture conditions.
These same rains are delaying fieldwork but providing a final boost to late corn, with crop conditions and yield potential improving, particularly through better grain weight. In this context, the Rosario Board of Trade raised its production estimate to 67 MMT, which appears optimistic relative to broader market expectations. Just weeks ago, estimates were below...
What You Need to Know Today: Corn, wheat, and the soy complex all formed new contract or at least rally highs to close what has become one of the most uniformly bullish weeks in CBOT history. Escalations in the fighting between Russia and Ukraine and attacks on civilian merchant vessels show n...
Macro: Trade Flows Set the Tone Persian Gulf crude flows appear to be improving, with anecdotal estimates suggesting as much as 7–8 million barrels per day may now be leaving the region — nearly double the mid-July pace. That helps explain why crude has not maintained the full geopo...
