Virtually every weather forecaster and computer model run were putting big rains across all of the western Corn Belt last Friday. The problem was that over the weekend none of the major coverage with good rainfall amounts developed in the areas that needed it the most. There were spotty thunderstorms that did provide some beneficial rain across some very small areas, but nothing like was predicted and expected. The fact is that most of the western and southwestern Corn Belt has turned extremely dry since the mid-June and we are now into the last week of July. This has been ignored by the bearish market mentality, as we pointed out last Friday. The focus instead has been on the lack of a major heat dome or ridge. The table below is a quick...
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...
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...
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