Category: Monday Unconventional Edge

Where I Think the USDA Is Still Wrong: Corn, Wheat, Soy and Cocoa

The US Department of Agriculture dropped its October crop reports on Friday and, against almost every pre-report guess, it raised

The biggest meeting of the year came and went, and settled almost nothing. Two leaders shook hands in Washington, called

Europe’s drought stopped being about crops this week and became about electricity.

This was a week of things happening underneath the headline numbers. The July 29 Fed decision everyone’s watching is probably

This week the data stopped telling one story and told three at once.

The weather is voting for scarcity and the grain balance sheets are listening. This week I dig into a global

This week scarcity showed up right where consumers feel it. US coffee stocks fell for a 14th straight week (−55.8%

This week, the weather wrote the price action. Cocoa punched back above $5,000/t on ICE as heavy West African rain

The ceasefire broke after four days. The Strait of Hormuz closed again on June 20. Peace talks are continuing in

Brent just dropped nearly 5% to $83, its lowest since March 10, after the US and Iran announced a peace