Agricultural commodity markets remained weak overall, and equities had a down day too. Wheat had some gains, but much of the complexes went south. Expectations for U.S. export sales were low, and the report mostly did not disappoint. However, wheat export sales were much better than expected as well as a surprise considering there are lower-priced options out of the Black Sea.
There was a reported private Chinese purchase of a cargo of soybeans plus some possible state-owned corporate purchases, but those did not rally the market. While China will buy more U.S. soybeans, its overall demand is down due to African swine fever (ASF). Significant purchases will be needed to move this market. The weather situation has flipped transatlantic e...
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...
