CBOT markets opened on a mixed tone following yesterday’s Grain Stocks report but most commodities finished higher. Soymeal and soybeans led the soy complex higher on stronger fundamentals and continued fund short-covering. The U.S. forecast is trending wetter for the first two weeks of October, with ample rains for the Western Corn Belt this week. Next week will feature a shift in the precipitation patterns to favor Illinois and Indiana. The PNW remains cooler than normal but, fortunately, the bulk of the Midwest will retain above-average heat, despite the coming rainfall.
Internationally, Brazil and Argentina are still in rainfall deficit, but recent showers have helped alleviate the pain somewhat. The crops are gett...
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...
