Argentina has moved into the lowest price leader position for corn, but its price has started tracking higher - lest money be left on the table. Romanian and Ukrainian corn prices are relatively flat while U.S. and Brazilian prices have been stable to slightly rising. Notably, highest priced French corn has been flat to declining as it falls closer in line with global prices. Separately, the Russian milling wheat to feed wheat spread has been declining this past week, indicating that the export tax is having some impact domestically.
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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...
