Today was a day of several important market stories -- unusual for a Friday in early February. Some stories were routine, while others were more weather related. Here's a recap of what you might have missed.
Informa updated its world crop production numbers this morning and the numbers offered mixed results: The company cut Brazil and Argentina's soybean production a combined 6.5 MMT and world soybean production 7.6 MMT (this was more than the traded expected); it also cut the world wheat production estimate by 2.2 MMT, primarily because of reducing Ukraine's production forecast; lastly, Informa also took Argentina's corn crop down from 24 MMT last month to 22.5 MMT today. Stats Canada released its 31 December stocks report. The tabl...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
