Highlights Escalating trade tensions - most notably between the U.S. and China, and the U.S. and its NAFTA partners - threaten the outperformance ags posted in 1Q18, which was driven by unfavorable weather and transportation disruptions…

Highlights Agricultural markets are informationally efficient for the most part, which is to say that at any given time, prices already reflect most public information available to traders, and a lot of private information as well. Even…

Special Report

Highlights 2017/18 fundamentals are supportive for corn. Lower production and stronger demand will put the market into a deficit. China's E10 mandate is a boon for ethanol, and the ags used to produce it. Imports will be needed in…

These general themes - along with our assessment that markets were overestimating downside price risk and underestimating upside risks arising from supply destruction and geopolitical instability - supported the best-performing…

We differ markedly with the U.S. EIA's assessment of the near-term evolution of oil supply and demand.