Tidbits, Brazil & Fertilizer, India's GDP, Corn Seasonal Price Trend, FOB 5/11/26
- Wright team
- 14 hours ago
- 5 min read
Tidbits
After Iran rejected the U.S. proposal to end the war, on Sunday, President Trump rejected Iran's counter response to the U.S. proposal. Crude oil opened $2.77 higher at $98.19 last evening and then traded as high as $98.85 in the first hour of trading and higher from there.
Iranian state media said the response focused on ending the war on all fronts and on the safety of shipping through the Strait of Hormuz without indicating how or when the waterway might reopen and flatly rejected dismantling its nuclear facilities in its response to the U.S. peace proposal.
Biofuels consultant Corey Lavinsky:
"Many fuel retailers have used HBIIP grants to upgrade service station pumps for E15, E85, and B20. The program provides cost-share funding for eligible projects, but funding has been exhausted. USDA cannot award new grants unless Congress replenishes the funding."
Brazil & Fertilizer:
Brazil's exports to India grew 30.2% in 2025, while falling 6.6% to the USA. Brazil and Argentina are India’s two fastest-growing major export markets.
Brazil and India set a target of $30 billion by 2030. The Brazilian export growth runs through New Delhi and Beijing.
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