Lack of fundamental news, except better weather for Brazil, left the CBOT to head lower in lackluster trading. Fund selling was notable, especially in wheat, while commercials were active grains buyers. Livestock futures were mostly higher with strong morning beef prices supporting the cattle complex. Presently, Wall Street is mixed with the Dow up fractionally and the S&P 500 doing nearly the exact opposite. The U.S. dollar is steady/slightly higher while the VIX is up 1.4 percent. Crude oil futures are higher after the U.S. announcement of sanctions against Venezuela in attempt to influence socialist dictator President Maduro.
Corn Early morning support from buy corn/sell wheat trade faded at midday with little fresh...
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...
