China once again made headlines today with the announcement of “low level” trade talks between the Middle Kingdom and the White House. The news sent November soybeans 13 cents higher overnight and nearly 30 cents higher during the day session. Lean hog futures similarly benefited from an improved outlook for trade with China, hitting limit gains this afternoon. UDSA’s weekly Export Sales report was bearish old-crop corn and soybeans while neutral new-crop futures for the same commodities. Wheat exports were largely neutral with sales above their needed value but exports falling short once again. The higher U.S. dollar is pressuring export opportunities, as shown in today’s data.
Wall street is higher on f...
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...
