On the weekly Ag Commodity Corner+ podcast with Farms.com Risk Management Chief Commodity Strategist Moe Agostino and Commodity Strategist Abhinesh Gopal, the team agreed that markets showed signs of strength during the week of July 1 to 5, led by shifting yield expectations, trade speculation, and supportive weather.
The podcast also highlighted the impact of the new biofuel tax legislation.
With its 45Z provision promoting North American feedstocks, the bill helped boost soybean and canola prices.
Trade developments added fuel, especially with a new U.S.–Vietnam deal announced and whispers of a potential China agreement.