The markets were slightly firmer overnight but then caught a little fire this morning. It is starting to seem that those in the corn market are considering the possibility that the 2019 U.S. crop could fall below 13 billion bushels. There is also more concern now that not all the soybean acres will get planted. The seven-day forecast looks extremely wet (see map below).
If the predicted rainfall occurs, it will both stop additional planting progress and leave what is planted standing in water. This forecast is also is terrible for a mature winter wheat crop. Farmers can’t get into the fields with combines (headers), and disease is starting to become a major concern. USDA made the following export sales announcements this morn...
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...
