GOOD MORNING, Prices are mixed, higher corn and beans on lighter rains in South America than expected, which will be followed by a period of dryness. Oilshare is trending higher again on firmer crude and palm, and soyoil lends strength to beans. The commitment-of-traders found that funds pared bull positions, and they are now buying some of those back. Charts are sideways with bottoms now in place. Trading ranges continue to be defined, with more options activity noted that manage to straddle or strangle these ranges. March call spread buying was noted last week for corn, and with a firm start this week we could see more. Wheat continues as the sell leg against corn and beans despite Reuters repo...
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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...