News
President Trump has called for an immediate blockade of the Strait of Hormuz following failed peace talks over the weekend, prolonging delays of fertilizer and fuel trade, though other factors are in play.
Bill and Hillari discuss implications of the global fertilizer crunch, while Spencer weighs in on pasture conditions and the cattle rally.
A fast-developing El Niño could bring much-needed rain to the Plains, but timing and coverage remain uncertain. Brian Bledsoe explains what a strong event could mean for drought relief.
While not necessarily new, market factors and growing awareness are putting the spotlight on residual soil fertility deductions.
Rising oil futures offered support to grains
Crude oil surges back above $100 a barrel ahead of U.S. blockade of Strait of Hormuz
Meal prices surged higher overnight, supporting soybeans and extending the recent rally.
With wheat barely a foot tall, the flag leaf is already emerging—a sign the crop is rushing to reproduce under stress, leaving too little structure to support a harvest. Less than 10% may be harvested in West Texas.
Consumer price index out this morning
A temporary two-week ceasefire between the U.S. and Iran, which includes a partial reopening of the Strait of Hormuz, has eased some immediate panic in global fertilizer markets—but it is unlikely to meaningfully improve supply conditions in the near term
U.S. wheat ending stocks were raised slightly
The integration of artificial intelligence into financial systems is ushering in a more sophisticated era of tax management — one where software handles the heavy lifting.
Milder improvements were also noted in the southern U.S.
The grain and soy complex favored a risk-on tone overnight, making up a portion of Wednesday’s losses.
Grain markets firmer overnight
Wheat led weakness overnight with corn following to the downside.