Where are the season lows? Despite competitiveness problems, corn and wheat prices continue to be stable. At least soybeans have stellar exports to prop them up, though soymeal and soyoil values may see some policy induced distortions. For the trading week thus far, corn and wheat are down but soybeans are +7.75 cents.
Markets work when they are allowed to, as exemplified by the fertilizer market. Both fertilizer and microchips were in short supply with high prices earlier this year but now both have dropped. Farmers in Brazil refused to pay high prices and now there is a glut of phosphate and prices have plunged almost 50 percent. The same for urea with NOLA quotes now down 35 percent from highs this past summer. Soybeans f...
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...
