"Volatility" was the word of the day at the CBOT with wheat futures initially pushing higher before crashing, corn and soybeans moving higher, and the livestock complex adding strong morning gains before turning tail for trendline support in the afternoon. The Export Sales report was neutral/bearish corn while neutral/bullish soybeans and bearish wheat. Wheat exports continue to lag their year-ago pace and that needed to meet USDA’s projections (although, admittedly, it’s early in the marketing year) while corn and soybean exports are lagging the pace needed to meet USDA’s 2017/18 export projections.
Wall Street is mixed with the Dow and S&P 500 heading in opposite directions while the VIX and U.S. Do...
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...