GOOD MORNING, Prices are mixed featuring further gains in corn and a rebound in meal. Nearby corn spreads are firmer on a strong domestic US basis and very good export inspections report from yesterday. Wet weather may hold up plantings, and we need ideal weather in order to achieve maximum production. Brazil's Safrinha crop remains behind and weather continues wet in areas where the crop still needs to be planted. Meal prices are higher on technically oversold conditions and a much lower than expected NOPA crush report from yesterday. Soyoil futures are lower on weaker energies, as traders book oilshare profits. Wheat futures are lower on technical considerations. The mission of the market is to n...
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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...