The CBOT was mostly driven by pre-WASDE positioning, expectations for harvest progress in the U.S., and the Export Inspections data. The weekly export data showed continued bearish pressure for corn, with YTD exports down 62 percent, which is among the slowest paces in recent memory. The soybean shipment figures were bullish with shipments again exceeding their values needed to keep pace with USDA’s forecast. Wheat shipments were disappointing but the 22 percent YTD increase in shipments is keeping some wheat bulls encouraged.
Reports broke late this afternoon that China is pressuring President Trump to eliminate more tariffs on Chinese imports ahead of the trade deal signing. Politico reports that Chinese officials a...
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...
