Tidbits, Cotton, Russian Grain, Canola & Rapeseed, Puts Lesson, Broilers & Ethanol 4/9/26
- Wright team
- 3 days ago
- 4 min read
Tidbits
Iran: The two week cease fire between Iran versus Israel and the U.S. is very fragile and most likely will collapse. Iran claims Israel has already broken the agreement. Many countries claim Iran has also broken the agreement.
The Strait of Hormuz remained shut to vessels sailing without a permit and shippers said they needed more clarity before resuming transit. Marine Traffic data showed two Greek-owned and two Chinese-owned bulk carriers passed through the strait yesterday with more than 800 vessels still trapped in the Persian Gulf.
Vice-President J.D. Vance is leading a team of negotiators to meet with Iranian representatives on Saturday in Pakistan.
Cotton competes for acres with the crops you raise. Cotton futures are trading at the highest level since October 2024, supported by supply concerns in key U.S. regions and a weaker dollar boosting export demand. Continued dry weather across the U.S. Western and Southwestern Great Plains remain a critical concern for the upcoming crop, despite the recent planting intentions of more cotton acres than expected.
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