Geopolitical tensions are sending crude oil prices higher and shaking grain markets, with corn and soybeans leading the way. SF Daily host Lorrie Boyer breaks down the latest market moves, cattle trade, extreme heat, and the risks facing agriculture.
🌾 Wheat: Net-long positions are climbing as traders turn more bullish on wheat futures.
🌽 Corn & Soybeans: Bullish bets are at their highest levels in months, while weather and production estimates remain key market drivers.
🐄 Livestock: Live and feeder cattle futures moved lower as President Trump suggested steps to challenge concentration among major beef packers.
🌦️ Weather: Heat advisories are in effect across parts of the central and southern U.S., with temperatures potentially reaching 106 degrees.
📈 Markets: Escalating U.S.-Iran tensions are pushing crude oil higher, while conflict in the Black Sea continues to limit Russia’s access to global markets.
SF Daily delivers fast, actionable agriculture news on grain markets, livestock, weather, USDA reports, and ag business.
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