News
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.