Denmark and allies send troops to Greenland in response to tensions with the United States. Crude oil prices cooled after a social media post by the US president. Gold reaches a new all-time high, while silver continues its rally.
Corn and soybean markets see slight gains in early morning trading. Corn market remains bullish, with a net-long futures position possibly erased. Soybean market shows a more bearish fundamental situation compared to previous years.
Wheat market also sees gains in light overnight trading. US wheat fundamentals remain unchanged, with cash indexes running below previous 5-year lows. Noncommercial positions are being closely monitored for potential changes. Weekly export sales and shipment numbers are awaited for further insights.
Read more at Yahoo Finance: What Was Thursday Morning’s “Nuttiest” Headline?
