Recent Sales Results From Macon County, Illinois, Bracken County, Kentucky; Audrain County, Missouri; and Thurston County, Nebraska
Just as crops have deep roots, so do farm families. As we celebrate and honor agriculture, even with its changes and challenges, think about the...
Oil futures prices resumed their rally Thursday after a two-day reprieve, with WTI trading at a premium to Brent for the first time in four years, as the U.S. and Iran threatened further escalation in the five-week long Middle East conflict.
Oil and product prices rallied Thursday morning after U.S. President Donald Trump said strikes on Iran will intensify over the next two to three weeks and the U.S. is not responsible for reopening the Strait of Hormuz.
Energy prices fell broadly Wednesday, although crude stayed above $100 barrel (bbl) as market participants awaited U.S. President Donald Trump's announcement on when the Iran war will end.
Crude oil and products futures slipped Wednesday morning after U.S. President Donald Trump told reporters U.S. military operations against Iran could cease in the next two to three weeks and a negotiated deal with Tehran wasn't a necessary condition for the war to end.
Brent crude futures posted record high advances for March and the first quarter on Tuesday, while NYMEX West Texas Intermediate had its largest rise since the 2020 pandemic, as the Middle East conflict shaped the outcome of energy trading through the month.
Crude oil futures settled above $100 bbl Monday as U.S. President Donald Trump's threats of troop reinforcement and destruction of energy plants in Iran offset efforts by Pakistani mediators to de-escalate the Middle East conflict.
Oil prices edged higher Monday after U.S. President Donald Trump threatened to "blow up and completely obliterate" Iran's energy infrastructure if a deal is not reached soon to end the Middle East conflict.
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USDA will release their Weekly Grain Export Sales report Thursday morning at 7:30 a.m. CDT. At the same time, the U.S. Census Bureau will release U.S. trade balance details for February. Of course, traders will also be following the conflict in the Middle East for new developments.
WeatherA storm system in the Plains continues to move northeast through the Midwest on Thursday. Widespread showers and thunderstorms will continue to develop with the system. Some areas of heavy rain and severe weather will be possible. Cold temperatures across the north are causing some snow and freezing rain to accumulate as well. A second storm system is moving through the Pacific Northwest and will continue to push eastward into the Canadian Prairies and Northern Plains with additional showers and some areas of heavier snow as well.
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