Markets started the week lower in the Sunday evening session with soybeans the weakest followed by wheat and corn. The lower pattern continued through to today’s market, but the losses in soybeans and wheat worsened. Soybeans eventually closed down 8-9.5 cents, but Chicago wheat managed to finish 0.50-1.75 cents higher. Corn was 1-2 cents lower most of the session and closed that way. The following news items were not helpful to the markets:
Russia’s ag ministry again said that there will be no wheat export restrictions. U.S.-China trade talks continue but without any significant progress publicly reported. Congressional negotiations over the budget and border barrier broke down over the weekend, which means there is still...
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...
