Recent Energy Analysis
Summary of Futures
Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close. Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close. Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close. Jul 26 Soymeal closed at $329.8/short ton, down $4...
Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk
What You Need to Know Today: The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...
Summary of Futures
Jul 26 Corn closed at $4.5575/bushel, up $0.0325 from yesterday's close. Jul 26 Wheat closed at $6.24/bushel, up $0.015 from yesterday's close. Jul 26 Soybeans closed at $11.945/bushel, up $0.0925 from yesterday's close. Jul 26 Soymeal closed at $334.1/short ton, up $3.5 from...
Market Commentary: Trading Headlines, Pricing Risk
Key Market Insights Today was another reminder that this market is trading headlines first, facts second. Early optimism surrounding reports of a possible U.S.-Iran memorandum of understanding helped pressure energy risk premium and kept the broader commodity space defensive. An hour later, how...
Summary of Futures
Jul 26 Corn closed at $4.525/bushel, down $0.05 from yesterday's close. Jul 26 Wheat closed at $6.225/bushel, down $0.13 from yesterday's close. Jul 26 Soybeans closed at $11.8525/bushel, down $0.0075 from yesterday's close. Jul 26 Soymeal closed at $330.6/short ton, up $2 fro...
Brazil’s Emerging Corn Ethanol Industry Driven by Market Forces and Biofuel Policy
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
Summary of Futures
Jul 26 Corn closed at $4.575/bushel, down $0.0575 from yesterday's close. Jul 26 Wheat closed at $6.355/bushel, down $0.1075 from yesterday's close. Jul 26 Soybeans closed at $11.86/bushel, down $0.105 from yesterday's close. Jul 26 Soymeal closed at $328.6/short ton, down $3...
CFTC COT Report Analysis
Friday’s CFTC report showed funds reducing net long positions across most of the major ag futures contracts for the second straight week. Funds reduced the all-ags net long by 4,300 contracts (0.4 percent), pulling back from the largest net long since at least 2016 forged just two weeks p...
Summary of Futures
Jul 26 Corn closed at $4.6325/bushel, up $0.01 from yesterday's close. Jul 26 Wheat closed at $6.4625/bushel, down $0.0125 from yesterday's close. Jul 26 Soybeans closed at $11.965/bushel, up $0.0225 from yesterday's close. Jul 26 Soymeal closed at $331.9/short ton, up $3.5 fr...
Summary of Futures
Jul 26 Corn closed at $4.6225/bushel, down $0.035 from yesterday's close. Jul 26 Wheat closed at $6.475/bushel, down $0.13 from yesterday's close. Jul 26 Soybeans closed at $11.9425/bushel, down $0.055 from yesterday's close. Jul 26 Soymeal closed at $328.4/short ton, down $2...
Summary of Futures
Jul 26 Corn closed at $4.6575/bushel, down $0.095 from yesterday's close. Jul 26 Wheat closed at $6.605/bushel, down $0.0675 from yesterday's close. Jul 26 Soybeans closed at $11.9975/bushel, down $0.0975 from yesterday's close. Jul 26 Soymeal closed at $330.9/short ton, down...
Soyoil Prices Continue to Be Bullish Amid High Energy Prices and Favorable Biofuel Policy
Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitive with fossil fuels. Recent U.S. biofuel policy, including 45Z, has been favorable toward soyoil as a feedstock. California will be limiting...
Summary of Futures
Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close. Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close. Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close. Jul 26 Soymeal closed at $329.8/short ton, down $4...
Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk
What You Need to Know Today: The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...
Summary of Futures
Jul 26 Corn closed at $4.5575/bushel, up $0.0325 from yesterday's close. Jul 26 Wheat closed at $6.24/bushel, up $0.015 from yesterday's close. Jul 26 Soybeans closed at $11.945/bushel, up $0.0925 from yesterday's close. Jul 26 Soymeal closed at $334.1/short ton, up $3.5 from...
Market Commentary: Trading Headlines, Pricing Risk
Key Market Insights Today was another reminder that this market is trading headlines first, facts second. Early optimism surrounding reports of a possible U.S.-Iran memorandum of understanding helped pressure energy risk premium and kept the broader commodity space defensive. An hour later, how...
Summary of Futures
Jul 26 Corn closed at $4.525/bushel, down $0.05 from yesterday's close. Jul 26 Wheat closed at $6.225/bushel, down $0.13 from yesterday's close. Jul 26 Soybeans closed at $11.8525/bushel, down $0.0075 from yesterday's close. Jul 26 Soymeal closed at $330.6/short ton, up $2 fro...
Brazil’s Emerging Corn Ethanol Industry Driven by Market Forces and Biofuel Policy
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
Summary of Futures
Jul 26 Corn closed at $4.575/bushel, down $0.0575 from yesterday's close. Jul 26 Wheat closed at $6.355/bushel, down $0.1075 from yesterday's close. Jul 26 Soybeans closed at $11.86/bushel, down $0.105 from yesterday's close. Jul 26 Soymeal closed at $328.6/short ton, down $3...
CFTC COT Report Analysis
Friday’s CFTC report showed funds reducing net long positions across most of the major ag futures contracts for the second straight week. Funds reduced the all-ags net long by 4,300 contracts (0.4 percent), pulling back from the largest net long since at least 2016 forged just two weeks p...
Summary of Futures
Jul 26 Corn closed at $4.6325/bushel, up $0.01 from yesterday's close. Jul 26 Wheat closed at $6.4625/bushel, down $0.0125 from yesterday's close. Jul 26 Soybeans closed at $11.965/bushel, up $0.0225 from yesterday's close. Jul 26 Soymeal closed at $331.9/short ton, up $3.5 fr...
Summary of Futures
Jul 26 Corn closed at $4.6225/bushel, down $0.035 from yesterday's close. Jul 26 Wheat closed at $6.475/bushel, down $0.13 from yesterday's close. Jul 26 Soybeans closed at $11.9425/bushel, down $0.055 from yesterday's close. Jul 26 Soymeal closed at $328.4/short ton, down $2...
Summary of Futures
Jul 26 Corn closed at $4.6575/bushel, down $0.095 from yesterday's close. Jul 26 Wheat closed at $6.605/bushel, down $0.0675 from yesterday's close. Jul 26 Soybeans closed at $11.9975/bushel, down $0.0975 from yesterday's close. Jul 26 Soymeal closed at $330.9/short ton, down...
Soyoil Prices Continue to Be Bullish Amid High Energy Prices and Favorable Biofuel Policy
Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitive with fossil fuels. Recent U.S. biofuel policy, including 45Z, has been favorable toward soyoil as a feedstock. California will be limiting...