The CBOT headed lower today primarily on unsurprising results from the Pro Farmer tours and a general lack of fresh news. The weather through the end of August is generally non-threatening for most of the Midwest, taking away one bullish factor. Early Pro Farmer results confirm big corn and soybean yields, again highlighting USDA’s effectiveness in early-season forecasts. Wall street is higher with the S&P 500 hitting a new record high and the Dow gaining as well. The Dollar Index recovered from earlier lows after President Trump's negative remarks towards Fed Chairman Powell yesterday.
Corn December corn finished 2 ¼ cents lower, finding support at the 40-day moving average (MA). Momentum indicators sugges...
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...
