A rally in crude oil and rumors of Chinese crushers needing to book soybeans and soyoil helped the CBOT open firmer. Corn and soybeans traded higher for the day while wheat continued to post losses as traders bear spread that commodity against corn and soybeans. Soyoil/soymeal bear spread were also a theme of today’s trade. Volumes at the CBOT were light as funds appear to be more interested in trading the crude oil/equity rally than the bear market in ags. Farmers made solid progress planting spring crops last week, despite unfavorable weather this weekend. The corn and soybean crops are ahead of schedule while cold, rainy weather across the northwestern U.S. hampers spring wheat planting.
The weekly Export Inspection...
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...
