After two days of aggressive selling, the CBOT turned green as a Turnaround Tuesday got underway. Wheat and the soy complex (especially soymeal) lead the way higher and corn followed obligingly. Exports seem to be the market’s main focus now, with continuing drought in the Black Sea region, Australia, and parts of Canada impacting the world wheat crop. The U.S. weather remains favorable for crop production through the end of August.
Wall Street is higher with the Dow and S&P 500 up slightly. The U.S. Dollar index continues to rally on the heels of Turkey’s currency implosion and growing concerns about other emerging market currencies. WPI will note that the S&P 500 is nearing its previous lifetime high, set on 2...
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...
