Wheat prices exploded higher this week as concerns mounted about dry conditions in the southern Great Plains. The hard red winter wheat crop in Kansas, Oklahoma, and Texas is in increasingly dire straits, with only…
Ags
Soybeans Soar on Argentine Drought
Soybean prices popped to a one-month high as traders assessed worsening weather in Argentina. The South American nation is the world’s third-largest producer of soybeans and a major competitor for U.S. exporters, but its farmers…
Florida Freeze Threatens OJ
As bitterly cold temperatures descended across the U.S. this week, even the Sunshine State felt the chill. Temperatures dropped below freezing across much of Central Florida on Wednesday and Thursday night, threatening the state’s crops….
NAFTA Changes Loom over Markets
Markets were rattled this week after news broke that Canada expected President Trump to pull out of the North American Free Trade Agreement (NAFTA). The deal, which has been in place since 1994, lowered trade…