Corn prices on the Chicago Board of Trade fell as market participants adopted a cautious stance ahead of a key US-China summit, while data showing a rapid US harvest pace added to supply-side pressure.
CBOT soybean futures traded nearly flat on Tuesday as the market adopted a wait-and-see approach ahead of a high-stakes diplomatic meeting between the U.S. and China. Investors are watching for potential new purchase agreements and the removal of key tariffs.
President Trump said the U.S. will maintain its potash supply from Canada, but highlighted that Belarus has offered to sell the crucial fertilizer ingredient at a 'much lower price,' potentially signaling a new trade pressure point.
President Donald Trump said he supports the idea of banning U.S. diesel exports, a measure his administration is reportedly examining as a way to lower soaring domestic energy costs ahead of midterm elections.
U.S. President Donald Trump said on Tuesday that talks with Iran are continuing and that he expects a settlement to be reached, adding the key condition that Tehran cannot be allowed to obtain a nuclear weapon.
European diesel refining margins rose on Tuesday after Saudi Arabia brought its East-West Pipeline back online, preparing to resume exports from the key Red Sea port of Yanbu.
Lithuania is planning a critical power grid substation near the Russian exclave of Kaliningrad with extensive fortifications designed to withstand attacks from explosive drones and other hybrid threats.
Corn prices on the Chicago Board of Trade fell on Tuesday as traders booked profits from the prior session's rally, with additional pressure coming from a drop in crude oil markets. Unfavorable weather and poor crop conditions in the U.S. Midwest provided a floor for prices but were not enough to offset the selling.
Commodity vessel traffic through the critical Strait of Hormuz fell to just two ships on Monday, a sharp decline from ten the previous day, according to Kpler data. The drop comes as a shipping intelligence firm reports separate attacks on two tankers in the key energy chokepoint.
