Corn and soybean futures were higher while wheat market dropped lower in unenthusiastic trade. Wheat has a bullish technical story, however, and could see a rally in the very near-term. Cattle futures remain supported by non-commercial buying ahead of the Cattle on Feed report while hog futures dropped like a rock today. Wall Street is slightly higher after strong early morning gains. The VIX is up sharply as the market is still in “risk off” mode. The U.S. dollar is steady, unable to move far from the 97 value it has held for the past few weeks. Crude oil futures are sharply lower amid supply and consumption concerns for 2019.
It is worth nothing that while crude oil is often held up as a barometer for the U.S. econom...
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...
