Now that USDA has released its June WASDE numbers and U.S. winter wheat production estimates, the markets will have suffer to find bullish news until the 28 June quarterly stocks report and planted acres update. Here's why.
We're finished talking about wet weather and delayed planting. We're approaching the gut slot of the hard red winter wheat harvest. There is no reason to believe there will be any surprises in export sales over the next several weeks. Drought fears are thing of the past. There is no heat in the extended 11- to 14-day forecasts.
So for at least the next two weeks, the market might well be talking about the "improving" crop conditions across the Corn Belt. The crops almost have no place to go but better. The v...
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...
