Concerns about a new, heavily mutated variant of Covid-19 produced high anxiety among traders overnight, as global stock markets and oil prices plunged, while bonds surged (yields dropped) amid heavy risk-off trade.
U.S. will release 50 million barrels of oil in a coordinated effort along with releases from strategic reserves by China, India, South Korea, Japan and Great Britain.
Build Back Better, big import tariffs still exist, $27 billion for conservation efforts, announcement on RFS mandates still held up by EPA – these and many more topics discussed by Chip Flory and Jim Wiesemeyer...
Wheat futures are sharply higher with corn and soybeans higher on spillover support.
Fed cattle and lean hog futures are off to a higher start to the week, as well…
Winter wheat futures surged to new contract highs overnight, while spring wheat sharply rebounded from last week’s losses amid tight global supplies of high-quality wheat.
Austria announces lockdown and Germany may follow, CBO estimates the BBB package would increase the deficit and USDA will release its Cattle On Feed Report this afternoon...
Grain and soy complex futures traded both sides of unchanged overnight but have softened to a weaker tone and session lows this morning amid a rise in Covid concerns.
Drier weather in the southwestern United States, western Great Plains, and Southeast led to drought conditions developing or worsening for parts of these regions.
The CBO has completed its review of the BBB package, Biden will meet with his Canadian and Mexican counterparts today and UAW workers reach agreement with Deere and Co.
