Crude vs. Corn: Why These Markets Are Splitting Apart

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Oil prices exploded Thursday with WTI crude jumping 11% to $111.54/barrel—the biggest single-day gain in 6 YEARS! 😱 Gas prices are already feeling the heat at $4.11/gallon nationally, and the Iran situation is FAR from over. Trump has given Iran until Tuesday to open the Strait of Hormuz... the clock is ticking. ⏳

In today's update we cover:
🛢️ Oil's massive surge & what it means for corn prices
🌽 Funds dump 22k corn contracts—but still sitting on HISTORIC net longs
🫘 Soybean funds add 13k contracts with China buying
🌾 Wheat funds go net LONG for the first time since June 2022!
🌧️ Rain returning to HRW wheat country—bearish relief incoming?
🌡️ Drought update—High Plains baking while the Corn Belt gets relief
📦 Export sales: Corn strong, beans soft, wheat hits a marketing year LOW
🥩 JBS strike OVER — 3,800 workers return as cattle market watches closely
💥 Russia-Ukraine tensions flare again with a ship sunk in the Sea of Azov
CPI data drops Friday with inflation expected at 3.4% — don't miss it! 📊

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