Morning! Warren Buffett’s $1 million March Madness prize finally has a winner, after nearly a decade of heartbreak and bracket-busting despair. One lucky Berkshire Hathaway employee actually cracked 31 of 32 first-round picks and bagged the mega jackpot. source

But despite all that, March Madness isn’t really living up to its name, is it? This year's tournament is lacking in upsets if you ask me...

On that note, welcome to another TDY newsletter!

Just an FYI, we love your feedback, feel free to hit reply on this email if you want to help us make improvements. And, we’re here to answer your questions if you have any.

— TDY team

MARKET PULSE…

Your March 25th pulse - Bulls charge, bears lurk

Stock Market Overview

U.S. stock markets are experiencing modest gains today, building upon Monday’s rally. The S&P 500 has risen by 0.2%, the Dow Jones Industrial Average remains nearly flat, and the Nasdaq Composite has gained 0.5%. Investors are cautiously optimistic amid indications that President Trump's upcoming tariffs may be less extensive than initially feared.

Commodity Market Overview

The commodities market was split yesterday, metals are surging while grains and energy drag. Crude holds at $69, and natural gas dips 0.6% to $3.89 on mild weather. Gold edges up 0.3% on safe-haven demand, silver jumps 2.1% on supply pressure, and copper breaks $5.11/lb as traders brace for tariffs. Grains slump with corn down 0.8%, wheat off 0.7%, and soybeans flat at $10.00 amid weak exports and strong South American yields. The 10-Year T-Note remains steady. Bottom line: metals are hot, grains are not, and energy’s stuck in neutral.

MORE MARKETS…

• 📈 Technology Sector: Tech stocks continue to lead the market's upward momentum. Tesla's stock has surged by 12%, driven by calls for CEO Elon Musk to focus more on the company. Other tech giants like Amazon and Nvidia have also posted gains exceeding 3%. source

• 📉 Consumer confidence: The latest Conference Board survey reveals a significant drop in consumer confidence, with the Expectations Index falling to its lowest level in 12 years. This decline raises concerns about reduced consumer spending, which could impact corporate earnings and overall economic growth. source

• 🛢️ Oil market: Gunvor CEO Torbjorn Tornqvist has indicated that oil demand is not expected to keep pace with supply growth at current rates. Despite OPEC+ plans to increase output, factors such as a backwardated market structure and minimal floating storage have balanced prices. However, future prices could drop slightly if supply remains uninterrupted. source

• ⛏️ Copper prices: Investors are anticipating potential U.S. tariffs on copper imports, leading to record-high prices for the metal. Traders are taking advantage of pricing differences between U.S. and global markets, with shares in copper mining companies likely to benefit from the current situation. source

AG-BITE BULLETIN… 

🇨🇦 Less red tape or just red flags? The federal government is floating the idea of deregulating parts of Canada’s agriculture sector. A move that likely has every Canadian farmer raising an eyebrow… And a coffee mug! Ottawa wants to snip some of the bureaucratic red tape. The goal is to streamline everything from crop protection approvals to fertilizer rules, aiming for “efficiency” and “global competitiveness.”

Sounds dreamy, right? Critics are questioning who this really helps?

Supporters say this could cut costs, speed up innovation, and let people farm instead of filing forms. But skeptics worry it could also open the door to lower safety standards, foreign influence, and policies shaped more by lobbyists than livestock lovers. If done right, this could be a win for innovation and efficiency. But if it turns into a corporate free-for-all, will small farms be the ones getting plowed under? source

MORE BITES…

• 🏛️ Nothing new: Georgia jury just handed down a whopping $2.1 billion verdict against Bayer, the folks behind Roundup, ruling that their weed killer caused a man's cancer. This isn't Bayer's first rodeo with such lawsuits, but it's definitely one of the heftiest verdicts they've faced. They're planning to appeal, arguing that the decision clashes with scientific evidence and regulatory opinions. source

• 🛳️ Tariff trouble on the high seas: The U.S. wants to slap tariffs on Chinese-built ships docking at American ports—a move aimed at bolstering domestic shipbuilding. But guess who’s getting seasick over it? Yep, farmers. Why? These ships haul grain, soybeans, and various ag exports across the globe. And you guessed it… Costs go up, and our crops become less competitive, and the global grain game gets dicey. source

• 🥛 United on trade, until someone mentions milk: Canadians agree on a lot: hockey, politeness, and making it easier to trade goods between provinces. But the moment someone brings up dairy, it’s like tossing a cow into a political boxing ring. While most folks are all-in on tearing down interprovincial trade barriers, the sacred cow of supply-managed dairy remains... well, sacred. Because nothing says true Canadian drama like fighting over milk in a nation that worships poutine. source

WORLD NEWS…

📲 Houthi war plans, a journalist, and Signal? What could go wrong? A facepalm moment of historic proportions… Top Trump administration officials including; VP JD Vance, Defense Secretary Pete Hegseth, Secretary of State Marco Rubio, and Intel Chief Tulsi Gabbard, decided to huddle up on Signal, the secure messaging app... except they forgot the “secure” part and accidentally looped in a journalist. Yep. A reporter. In the chat. While they discussed sensitive government plans. Naturally, the fallout was nuclear. Senate Minority Leader Chuck Schumer called it “one of the most stunning breaches of military intelligence I have read about in a very, very long time”, which is political speak for “what french are they thinking?” source

MORE NEWS…

• 🪧 Gazans protest: In a rare act of defiance, Gazans took to the streets protesting not Israel, but Hamas, demanding an end to the war. Chanting “We want to live!” and waving white flags. Well Hamas responded, the only way they know how… tear gas, live fire, and arrests. When your own people start protesting for peace, it might be time to rethink the battle plan. source

• ❄️ Frosty battleground: The Arctic is suddenly the world’s frostiest battleground, with Russia, China, the U.S., and others scrambling for control of melting trade routes, untapped resources, and strategic turf. Russia’s building bases, China’s claiming to be a “near-Arctic state,” and the West is trying to catch up. source

GRAIN FOR THE BRAIN…

🧠 Soybeans fix nitrogen in the soil, reducing the need for synthetic fertilizers.

True or False?

DAILY QUOTE…

Answer: True