
Perspective: Morning Commentary for June 4
June 4 – Crude oil prices dropped along with Treasury yields after yet another ceasefire agreement was reached between Israel and Lebanon, raising hopes of a peace agreement with Iran. Yet, stocks are mixed this morning, with the Dow higher and the S&P and Nasdaq lower. The VIX is again trading near 16 this morning, while the dollar index fell back into its comfort zone near 99.2 following yesterday’s rally. Yields on 10-year Treasuries are trading near 4.46%, while yields on 2-year Treasuries are trading near 4.03%. WTI crude oil is trading near $93 per barrel, while Brent trades near $95 per barrel. Wheat prices again managed a modest bounce overnight, but corn and soybean prices saw more follow-through selling on their recent downward momentum, with July corn hitting new contract lows on favorable Midwest weather and emerging demand concerns.

- Grains & Oilseeds
- Energy
- Dairy
- Renewable Fuels
- Cocoa
- Coffee
- Cotton
- Sugar
- Meats & Livestock
- Forest Products



