Grains and oilseed futures were largely flat ahead of Friday’s WASDE report with wheat and soybeans finding small gains near the close. Cattle futures found late day strength while hog prices succumbed to more bearish influences and hit new contract lows. Wall Street is mixed with more trade war threats creating uncertainty, despite Elon Musk’s suggestion yesterday that he would take Tesla private at $420/share (Tesla stock rallied 11 percent on the news). Notwithstanding Tesla bullishness, stocks comprising the S&P 500 pushed the index to approach its lifetime high but as of yet the index has not been able to touch or break this point.
Corn December corn finished ½-cent higher today in quiet, range b...
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...
