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Wheat Futures Volatile As Black Sea Crisis And Hormuz Chokepoint Spark Concerns

Chicago wheat futures are coiling for a breakout (one way or another) as ongoing Russia-Ukraine attacks on Black Sea grain infrastructure and bulk carriers threaten exports from one of the world's most important breadbaskets.

Most-active Chicago wheat has been choppy in the last few days...

Hard red winter wheat gained as much as 2.7% to $7.505 a bushel.

Soft Red Winter wheat futures are poised for a much larger breakout if prices sustain a move above $7 a bushel.

Bloomberg noted Monday that Turkey temporarily suspended Black Sea transits by its cargo ships over the weekend amid ongoing maritime security risks in the critical shipping corridor. Ukraine warned that its agricultural exports for the 2026-27 season could be halved due to Russian attacks.

Joe Davis, director of commodities at brokerage Futures International, was quoted by the outlet as saying that potential supply disruptions had boosted US-grown hard red winter varieties more sharply because the grain is seen as a direct competitor to higher-protein milling wheat from the Black Sea region and Europe.

"While the disruptions don't necessarily translate into immediate additional US export business," Davis said, adding, "they do tighten the global exportable supply outlook and balance sheets, forcing importers to diversify origins and keeping support under higher-quality wheat values." 

With wheat prices inching higher and approaching $7, which could spark upside momentum, a gauge of global food prices tracked by the UN climbed to a three-year high in July.

Disruptions not only in the Black Sea but also in the Strait of Hormuz, combined with adverse weather conditions across key US and other key growing regions as El Niño risks rise, are certainly putting a bid under food prices, as the worst may be yet to come.

UBS analysts outlined five forces driving grocery bills higher in a note last week (report here). They asked a very important question: Is this the end of cheap food?

Tyler Durden Tue, 08/11/2026 - 10:50

Democratic Socialists of America darling Francesca Hong was one of just six lawmakers in the Wisconsin state Assembly to vote against an anti-child grooming law.

Vandals are wreaking more havoc, yanking customers off the web for part of their weekend.

It's time to spice up your space!

New thrusters could cut travel time to the Red Planet to three months and make the round-trip mission about two years total.

You don't want to miss this back-to-school tech sale.

"Niceness As Whiteness": Professors Denounce Politeness As Privilege

Authored by Jonathan Turley,

We have previously discussed how many professors seem to compete in finding new forms of racism in every facet of society and education.

Astrophysics, math, runoffs, science, statistics, and meritocracy have all been denounced as racist. In this academic cottage industry, professors secure publications and speaking opportunities by identifying racism in the expressions, images, or entire fields. Even time itself has been declared racist.

Now, however, academics have found another undiscovered continent of white privilege: niceness.

When I saw a story in The College Fix on a study of “niceness as Whiteness,” I was skeptical and decided to take a look. The study by Vanderbilt Postdoctoral Research Fellow Abigail Beneke, Professors Benjamin Fisher (U. Wisconsin-Madison), F. Chris Curran (U. Florida), and Samantha Viano (George Mason) was first flagged by Dr. James Nuzzo.

The paper “Niceness as Whiteness in School Police Officers’ Perceptions of Student Arrest” addresses the “perceptions of arrest” by school resource officers, or SROs) in two school districts.

The officers appear to be precisely what you are looking for in an SRO: empathetic and reluctant to make arrests. The researchers admit that they try to avoid arrests. However, according to the authors, hidden behind those sympathetic approaches was, of course, a boiling caldron of racism in terms of the racial disparity of those arrested.

Indeed, the researchers realized that it was the niceness itself that was the evidence of oppressive “Whiteness.” Indeed, the officers may not want to be engines of racism and use “niceness” as a “coping mechanism,” but do so by deluding themselves and others that they are nice:

“Nice SROs did not want to arrest children. Nice police officers thought of themselves as well-meaning. Yet, they expressed being required to arrest children because of real or imagined mandates. They used niceness as a strategy for upholding a system of Whiteness that systematically privileges White people and excludes those who fall outside of Whiteness. Niceness hinders possibilities for the types of political, communal relationships central to authentic care.”

The paper makes it sound like everyone would be better off, or at least more honest, to return to hostile, racist-spewing officers. The reason is that niceness is an  “enduring component of Whiteness” which “allows predominantly White people to elide how their own actions contribute to inequality by maintaining a sense of their own benevolence.”

The evidence of niceness includes such findings as how officers work at “minimiz[ing] the negative impact of arrest by highlighting their own goodness.” (This includes saying things like “You want to listen to the radio? You want the window down? Is there a station you want to listen to?” after an arrest.)

Then there is the fact that these officers have good relationships and perspectives of the students. Again, it is just a shield of “whiteness”:

“SROs used niceness as Whiteness in their recounts of arrest … by highlighting the positive relationships they had with students they arrested…As with highlighting their own goodness, highlighting these positive relationships reframes violence (i.e., arrest) that contributes to racial inequality as a positive, since students still like the SROs. This strategy emphasizes the officer’s ability to retain his niceness—by virtue of the maintained interpersonal relationship—despite having arrested the student.”

The paper is an example of ideological screeds posing as academic research. Based on a few interviews, the researchers simply declare the empathy and relationships to be shields perpetuating “whiteness.” They cite other studies identifying niceness as a whiteness tactic:

“Prior research has demonstrated how primarily White women educators use niceness to uphold Whiteness in their work with children (Bissonnette 2016; Drake & Rodriguez 2022; Gardiner et al., 2023; Vlach et al., 2022; Wiborg, 2022). We found niceness was also present in the work of SROs, suggesting the potential for broader application of niceness to well-intentioned actors working in structurally violent systems. In addition to framing niceness as a means of excusing behavior that upholds Whiteness, we equally center the structural binds that delimit SROs’ capacity for providing care. In doing so, we identify niceness as a coping mechanism for arresting children.”

At these universities (Vanderbilt, Wisconsin, George Mason, and the University of Florida), these faculty members and their obvious agenda are viewed as ideal choices to teach their students.

With four kids, I found the SROs at their schools to be extraordinary and popular figures. They would routinely intervene with kids to see if they were having trouble or try to direct them away from trouble. It turns out that everything that parents valued in their SROs was a perpetuation of privilege, according to these researchers.

While the researchers insist that “we do not intend to demonize individual SROs,” they reward the cooperating officers by twisting their every comment as revealing their deep white privilege. Presumably, they conveyed to the SROs that this would be a fair, unbiased study. It was neither, and, perhaps reaffirming their own triumph over racism, they were not a bit nice about it.

Tyler Durden Tue, 08/11/2026 - 10:35

The elephant trunk has forayed into foundation.

Paramount’s board has approved a plan to move the Hollywood studio out of California if the state’s attorney general Rob Bonta doesn't agree to settlement talks in his bitter antitrust case by Oct. 1, according to reports.

US Existing Home Sales Disappoint (Again) In July, Hover Near Record Lows

With mortgage rates rising and the 'low hire, no fire' economy leaving many anxious about their household finances, the ugly spring selling season has not been followed by a consistent rebound in existing home sales in the US.

After falling 1.4% MoM in June (revised up from a 2.4% MoM decline), US existing home sales fell again -1.7% MoM in July (worse than the -1.0% MoM exp). This dragged the annual increase in sales down to just 0.74% YoY...

Overall, existing home sales SAAR is holding very modestly off record lows, holding just above the 4 million mark...

“Home sales have been remarkably stable, even amid the rising mortgage rate environment of the past few months,” Lawrence Yun, NAR chief economist, said in a statement.

He added that “there’s no doubt that the housing market would be thriving if average mortgage rates were to return near 6%.”

In recent months, home-financing costs and prices went in the wrong direction. Thirty-year mortgage rates have been climbing since the late-February start of the war in Iran, and recently reached a one-year high of 6.81%.

The median sales price increased 2% from a year earlier to $434,100.

That was the highest selling price for any July on record and extended a stretch of annual price gains that started in summer 2023.

Inventories of new homes for sale remain relatively high (and are thus pressuring homebuilders to choke back on additional supply)...

But, the inventory of existing homes for sale fell slightly (-0.6%) from a year earlier to 1.54 million - the first annual decline since Oct 2023...

By region, previously owned home sales in the South, the nation’s biggest home-selling region, decreased 3.1% to a four-month low. Sales in the Midwest fell 2%. They were unchanged in the West and up in the Northeast.

First-time buyers accounted for 29% of sales in July, down from 33% a month earlier.

One silver lining is the nation’s affordability crunch is easing when compared with last year as rising household income growth has generally outpaced home price appreciation, Mark Fleming, chief economist at First American Financial Corp., wrote in a recent blog.

However, even some of that improvement has been eroded lately because of rising mortgage rates.

Tyler Durden Tue, 08/11/2026 - 10:09

"It was a celebration, and it ended in tragedy," the survivor said.

This marks the end of a schlong and painful saga for the one-inch-wonder, whose allegedly aspirin-sized phallus places him well within the threshold of a micropenis.

Trade $25 on NFL Preseason games and get up to $500 in bonuses with the Kalshi promo code NYPMAX.

Fresh off National Ice Cream Month, the California Post set out to crown LA’s ultimate ice cream, with a visit to food festival Smorgasburg’s “ice cream alley,” described as a selection of the best independent ice cream makers in the city.  I sampled ice cream — as well as frozen yogurt and gelato — from...

The "Secrets We Hide" author told Page Six that long summer days spent in the library as a kid made her love all kinds of books.

The "Secrets We Hide" author told Page Six that long summer days spent in the library as a kid made her love all kinds of books.

“I definitely did not see this coming, and it's just exciting.”

Get ready for a Richmond reunion!

A pumpkin spice latte tastes better with brand-new loungewear for fall.