1. Recommended Reading for the Day: New post from Jeremy Martin of the UCS on the renewable diesel boom. You will not find a better overview of the boom than this. blog.ucsusa.org/jeremy-martin/…

Footage captures the moment Somali pirates try to hijack a massive cargo ship. The private security team can be seen during warning shots at the pirates. The World Bank estimates that Somali pirates received more than US$400 million in ransom payments between 2005 and 2012.

1. Let the games begin, as in projecting the US average corn yield in 2024. I am hearing mainly concerns about dry weather in parts of the Corn Belt. Being something of a contrarian, I had a different question: How high is high for the US corn yield? New blog post here:

What stage are we in the grain market?

The Arcola Fire District advises that drivers avoid the intersection of IL-133 & US-45. wandtv.com/news/grain-bin…

I keep getting asked "why has there been no market reaction to Brazil's deteriorating soybean crop". I'll just leave this graph here.... Hi 👋Argentina

Funds….. Beans…. Short…120k Corn …….Short…284k Wheat ……Short…67k Shorts running out of gas?