Grain and oilseeds did little ahead of tomorrow’s massively important WASDE while cattle futures closed lower on lack of cash market support. Hog futures hit limit highs which will likely pull in additional support later this week. The weekly Export Sales report from USDA was neutral corn and soybeans while slightly bearish wheat. The report was “slightly” bearish wheat because, despite exports being down 38 percent YTD, it is very early in a wheat marketing year that is sure to be back-loaded with exports.
With only a few weeks left in the corn and soybean marketing years, it looks like 2017/18 exports will miss USDA’s projections. WPI’s forecast suggests soybean exports will fall 3 percent s...
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...