Today’s trading went as expected with a low volume of business but that does not obviate the high interest in agricultural commodities as we move into 2022. Some would even say to ignore today’s session since relevance requires higher amounts of liquidity. Corn and soybean trading was at half its 5-day average volume, though pig traders were uniquely active in the pit. But today was relevant in that it was a placeholder with nothing weird happening. Trading ranges remained narrow, reinforcing that capital is comfortable where it is currently positioned. For the week, Chicago March wheat was the big loser, down 44 cents or 5.6 percent. Corn was down 12.5 cents and March soybeans minimally lost 2-cents.
However, it is th...
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...
