The CBOT opened mixed with soybeans coming under pressure from reversal of old long soybeans/short corn/wheat trades and from new contract lows in soymeal. Corn continues to advance with modestly supportive technicals while SRW wheat consolidated for the day. HRW wheat was lower with funds emerging as net sellers. Funds bought some 9,000 contracts of corn this afternoon while selling 3,500 contracts of soybeans. WPI’s view is that this week’s trade will be mostly focused on position-evening heading into the long Memorial Day weekend. Corn offers the best potential for a mild rally but WPI maintains our bearish view on corn, soybeans, soymeal, and wheat. Funds and speculative investors appear more focused on the equi...
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...
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Accountability and a comprehensive approach to export programming
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