GOOD MORNING,
Inter-market spread activity continues as funds buy beans and sell grains. US beans are a good buy for the moment, and China has been busy this week. World vegoils are firming up as countries come out of lock-down, with China and India resuming its purchases of palm oil. Soyoil trades higher following 2% gains in palm oil trade overnight. Crude helps all commodities in general as it continues to see short-covering on the prospect for further world cuts. News-wires are reporting that Russia and OPEC's Saudi Arabia have come to an agreement to extend oil production cuts by another month. Corn prices weaken overnight as weather remains benign. EIA repor...
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...
