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Wheat Spread Blows Out As Drought Chaos Plagues America's Breadbasket
Wheat Spread Blows Out As Drought Chaos Plagues America's Breadbasket
Hard red winter wheat (HRW) futures widened to their largest premium over soft red wheat (SRW) in more than two years as severe drought intensified across key breadbasket regions in the Great Plains and Midwest. This means traders are pricing in weather impacts and tightening expectations for higher-protein wheat supplies.
It is important to note that HRW is a more valuable protein and is primarily used in bread, rolls, and all-purpose flour. It is grown in the U.S. Plains (Kansas, Oklahoma,...
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Mar 14, 2026 / Tyler Durden
Sweden Seizes Another Suspected Russian 'Dark Fleet' Tanker, Despite US Easing Sanctions
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Washington has eased sanctions on countries buying Russian oil in connection with the Iran war and Strait of Hormuz crisis, an easing welcomed by the Kremlin, but which has caused angst and anger among pro-Ukraine campaigners.
The US waiver is active for a month, and applies to crude which has has been floating at sea and thus was unable to be sold. However, this hasn't stopped some European countries from moving against tankers without proper registration and flags.
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Sweden,...
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Jun 26, 2026 / James Bovard
Do I Look like a ‘Radical Left Lunatic’ Vandal?
I blundered on Saturday by failing to check the latest updated terrorist profile before visiting Washington, DC. How was I to know that National Guard troops would be on the lookout for 60ish bicyclists who are too damn curious about algae? I went riding around downtown Washington to check the latest Trump administration efforts to […]
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Jun 26, 2026 / Tyler Durden
Trump Says Iran Violated Ceasefire With Hormuz Drone Attack On Cargo Ship
Trump Says Iran Violated Ceasefire With Hormuz Drone Attack On Cargo Ship
Update (11:55am ET): While today's announcement by Dubai that the UAE was under missile attack proved to be a false alarm, the US ceasefire it nonetheless becoming increasingly unstable. Following yesterday's attack by Iran drones on a cargo ship next to Oman, we were wondering how long until Trump responds (and how), and he did just that moments ago when he posted on Truth Social that Iran shoting "at least four One Way Attack Drones at Ships transversing the...
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