GOOD MORNING, The markets have been on a good roll to the upside. Corn may now only have a net short 90K or so, but the commitment-of-trader's report will show us where that stands. Funds are long soyoil and beans and pullbacks will now be for buying. US corn and beans are world competitive now. Expect that to continue to be a source of support as the markets work back into trading ranges from the top. China made its largest weekly corn purchase in a month, and continues to be around the bean market. The bean market continues its acceleration to the upside, with funds buying but also noted some China pricing as well. The only sellers for this market seem to be those taking a profit on this current...
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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...