Hard times in the European wheat crop sent wheat markets into a buying frenzy that pulled corn higher as well. EU wheat futures closed 2.8 percent higher yesterday, helping spark a 6.3 percent rally in front-month CBOT SRW wheat futures today. The big catalyst for today’s activity was Strategie Grains’ reduction of EU soft wheat production to a six-year low. As Europe’s supplies are reduced, more attention will be given to the U.S. crop/stocks as the major world wheat supplier. Wall Street is higher with the Dow and S&P 500 pushing higher while the VIX and U.S. Dollar index are both lower. COMEX gold is higher along with crude oil futures.
Corn December corn seems to be in rally mode, gaining 7 ¼ cent...
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...
