Overnight trends once again feature a slightly firmer soy complex versus mixed corn values. Funds purchased the board yesterday and appear ready to get long beans perhaps, as well as corn. Bean prices are probing further to the upside again this morning, extending gains on top of Tuesday's reversal activity. To be sure, we are trading weather, trade negotiations, and USDA report data. The last reports have been surprises that caught funds leaning the wrong way, so will this report do the same? It is the reason behind some of the housecleaning activity going on for the moment, i.e. lightening up on corn length while covering in bean shorts. In the meantime, here are the general expectations for today's report:
Lower corn and...
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...
