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Tidbits, Markets & Rain Days Update 4/29/23


Iran seized an oil tanker in the Gulf of Oman in international waters in the most serious incident of a series of seizures and attacks on commercial vessels in Mideast waters since 2019. Private-sector efforts to reach a deal to rescue First Republic Bank are not getting the job done. US officials have stepped-in to “coordinate” the process.

The EPA announced yesterday a waiver making E15 available this summer.

The locks on the Mississippi above Lock 17 in New Boston, Illinois are closed for an expected three weeks due to flooding. Not only will grain movement be restrictive, fertilizer deliveries in the Northern Midwest will be slowed.

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