Except for livestock and soyoil, today’s futures trading opened mostly lower. However, under relatively smaller volumes of trading, corn, soybeans, soymeal, SRW and Live Cattle fought back to modest gains by the end of the session. For the week, December corn lost 4.5 cents, November soybeans added 11.75 cents, and December SRW gave up 9 cents.
Again, for the week, corn and soybean speculators cut their net long positions by 9 percent in corn and by over 30 percent in soybeans, while they cut their short positions in wheat by 4.5 percent. As always, there are many factors running in both directions, but the overall market situation is stability. The weather is even providing some stability. Brazil continues to plant rapidly...
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...
