Black Sea, Red Sea, Sea of Azov + Hormuz Attacks = Higher Risk?Video: Black Sea, Red Sea, Sea of Azov + Hormuz Attacks = Higher Risk?
The escalation in the Ukraine/Russian war after 4 years + the escalation with Iran and now the Houthi’s blocking Saudi oil in the Red Sea has crude surging 40% in 2-weeks to ration demand. Trump threatens more attacks, but Pakistan is now pushing for new U.S./Iran talks with China’s backing?
The U.S. heatwave and “flash drought" in the U.S. Northern/Central Plains is weighing on crop conditions in ND.
The 8-14 early August weather looks hot/dry not ideal for soybeans!
2026 U.S. hurricane season is 50% of normal!
The Wheat Quality Council HRS tour forecasting 48 bpa, key downside technical reversal in wheat/canola?
New 50% tariffs on Canada.
+ CFTC