Energy market insights and news
The latest energy and commodities market news, views and insights from our experts

November 11, 2026
What the report covers: Corn’s release-day move averages 1.46 times the sessions around WASDE since 2010, with soybeans, Chicago wheat and Kansas wheat close behind, all significant at the 1% level. Soy products, sugar and livestock show no reliable WASDE effect and sit within the range random non-release days produce. In corn and soybeans, volatility continues into the session after the release, while wheat reprices faster. Discretionary positioning is most stretched in sugar and livestock, where WASDE matters least. That leaves soybeans and Kansas wheat as the most exposed markets into the release. Grains are the only ags markets where WASDE has historically justified pricing an event premium into options.

July 10, 2026
The market is slowly abandoning the binary Hormuz recovery paradigm but has yet to price the unwinding of the coping mechanisms that have softened the disruption’s impact on energy markets. The most significant adjustments have come from China. By cutting crude imports, slashing refinery runs, halting strategic reserve filling, curtailing product exports and pivoting refiners from petrochemicals to transport fuels, Beijing has bought the market precious time as the disruption hits 100 days.










































