We spent much of the last two days in a flat boat casting flies in hopes of finding red fish in the shallow grassy waters near the mouth of the Cape Fear River where they hang out, feasting on shrimp that are washed in by the high tide and washed back out as the tide recedes. We mention this only because it is an activity that allows the mind to wander to important subjects not related to fly fishing the flats, such as finding world peace, solving world hunger and what will markets be doing six or 12 months from now or longer. Being unable to come up with answers to these questions, we began to think about things that are topically current, if more mundane. With your indulgence, we will mention a few of them.
The price action of commo...
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...
