April net corn cost up 20% from March
Corn basis: Basis bids around Decatur, IL were considerably higher during the April reconciliation period, compared to March 2023 and April 2022. Corn gluten [...]
Petroleum Reserve drained further as Middle East visit ends
At June’s end, the U.S. Strategic Petroleum Reserve (SPR) dropped to its lowest level since the mid-1980s, a 35-year low. The Biden administration is [...]
Surging greenback could help press pause on dollar-denominated commodities
Interest rates were increased by 50 basis points in an early-May Fed meeting, and there was strong insinuation the move would be followed by [...]
Winter storms ignite more volatility in natural gas
A series of winter storms across the country brought a record-shattering blizzard for New England states and travel headaches across the Midwest with thousands [...]
Natural gas rig counts stabilizing
October’s early start to winter saw subfreezing temperatures and snow across the upper Midwest. Prices for natural gas have been trading sideways in the [...]
Crude oil stocks down after Hurricane Laura
The last week of August saw a pair of tropical storms hit the Gulf Coast states in what has already been an extremely active [...]
Crude oil suffers setback
As states slowly begin the process of reopening, fears of a secondary outbreak of COVID-19 coupled with rising domestic crude oil inventories halted an [...]
Soybean oil prices crash under energy market tidal wave
Soybean values dropped additionally last week but nothing to match the price depreciation seen in soybean oil futures. The precipitous fall of nearby crude [...]