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Corn, soybeans and wheat surged higher this morning on concerns of an extended conflict in Iran
Producers need to play defense in the face of an uncertain outlook for rates, sticky inflation and what may become a more opaque Federal Reserve.
Biofuels may be key for a recovery in U.S. farm economy
Wheat saw relative strength overnight while corn and soybeans gave up some of Monday’s gains
USDA also raised its corn and soybean condition ratings
Bill Watts and Lane Akre discuss the Iran peace deal, weather and the outlook for grain markets; Spencer Langford talks about the cattle market’s reaction to New World screwworm.
Corn, soybeans and wheat scored new lows overnight following a peace deal with Iran.
Grain futures under pressure as crude oil tanks on U.S.-Iran peace deal...
New World screwworm cases in U.S. now total 12
Oil futures drop sharply, dragging down agricultural commodities
Lower production potentials are outweighing potential softening demand
Wheat and soybeans continue to trade in their recent ranges.
Detected New World screwworm cases in U.S. now total nine
NOAA officially declared El Niño on Thursday and says the climate pattern has a 63% chance of reaching “very strong” status by fall, potentially shaping U.S. weather through harvest and winter.
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