DTN Oil Update
Crude oil futures extended their rally Wednesday morning, with Brent's front-month contract surpassing the $100 bbl mark for the first time in nearly seven weeks as recent escalations in the U.S.-Iran war stoked...
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DTN Oil Update
Oil prices hit multi-week highs Tuesday, with global crude benchmark Brent nearing the critical $100 bbl mark, after fresh Houthi attacks on Saudi energy facilities forced operations to shut down.
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DTN Oil Update
Brent futures advanced to their highest in seven weeks Tuesday morning after fresh Houthi attacks on Saudi energy facilities forced shut operations. WTI's front-month contract touched a 13-week high in early...
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New Beef Order Directs MCOOL Review
Trump signed an executive order on Friday directing agencies to review cattle and beef policies, but the order makes no immediate policy changes.
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DTN Oil Update
Oil futures closed mixed Friday in thin trading activity ahead of the U.S. Labor Day holiday amid a U.S.-Iran hostility escalation and the expectation of tightening global supplies.
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DTN Oil Update
Oil prices retreated Friday but remained on track for sharp weekly gains ahead of the Labor Day holiday as renewed U.S.-Iran hostilities sustained fears of prolonged supply disruptions through the Strait of Hormuz.
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DTN Oil Update
Crude futures gave back most of the gains that elevated them to six-week highs Thursday as the market balanced concerns over the impact of heightened fighting in the Middle East with U.S. President Donald Trump's...
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What DTN Is Watching
Tuesday looks to be a light schedule for reports, with USDA's Economic Research Service releasing their monthly commodity outlooks (Feed, Wheat, Oil Crops, etc.) at 2 p.m. CDT. Otherwise, traders will continue to follow geopolitical news as well as watch for early yield reports from across the country with early harvesting now underway.
WeatherA cold front will lead to scattered showers and storms across the Upper Midwest Tuesday, with some of the heaviest rain targeting southern Iowa, northern Missouri, and northern Illinois. Rainfall totals by early Wednesday morning could approach 1-2 inches in some of these areas. The front could also extend as far south as West Texas, leading to scattered showers and storms for the Panhandle.
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