GOOD MORNING, The markets turned around yesterday after ratcheting the trading range lower again on rain and expectations for a bearish June 30 Acreage/Stocks report. Technically speaking, the reversal from the lows was a mild rejection of lower values. Fund selling has taken most of the weather premium out of the market. Opening and closing unchanged in corn was a significant win for the bull, leaving the new corn bear to have to defend. Values started the night on the firm side for grains, but a better performance is in soybeans and soyoil. Oilshare is higher again as soyoil prices jump over 100 pts while meal re-tests its recent lows. Meal prices fell off the charts to new lows, trying to compet...
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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...