Illinois Soybean Association recognized a group of 20 farmers in Illinois in its fifth annual 20 Under 40 farmers program.
Oil prices settled mixed on Friday on thin trading as market participants remained on a wait-and-see position as the Trump administration has threatened to place tougher sanctions on Iran, potentially affecting further oil flows from the Middle East.
Oil prices edged higher in early Friday morning trade and were on track for the second consecutive weekly increase on the back of rising tensions between the U.S. and Iran and slowing oil flows from the Middle East.
Oil prices hit a three-week high on Thursday as fresh economic threats from Washington against Iran, further dimmed hopes of a ceasefire in the near term as global supply remains tight due to the blockade of the Strait of Hormuz.
The Iran war shows little sign of ending. Today's crude oil price is 10% or so higher than when the war began. Diesel's price is 40% or more higher.
Oil prices rose to their highest in more than three weeks Thursday morning amid dimming peace prospects and fresh concerns over Iranian oil supply as the U.S. and UAE ramped up economic pressure on the country.
Oil prices climbed a fourth straight day Wednesday after data showing emergency stocks of U.S. crude at near 44-year lows.
Oil prices climbed for a fourth day in early Wednesday morning trade as oil flows through the Strait of Hormuz continued to slow amid new attacks on tankers and rising tensions between Iran and the United Arab Emirates.
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On Friday, USDA will release a series of reports after the close, such as the August Cattle on Feed and county Cash Rents reports at 2 p.m. CDT. At 2:30 p.m. CDT, CFTC will close the week with the Commitments of Traders report.
WeatherA front has sunk down into the Southeast where showers and thunderstorms will form throughout the day Friday. We are even seeing some showers back into Oklahoma as well. Another front is pushing southeast through the Corn Belt, with scattered showers developing from Nebraska into the Great Lakes. Some severe storms will be possible in both regions Friday.
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