It was a quiet Sunday night opening with markets all slightly lower. Trading volume was also average or less both last night and today. The only difference during today’s session was that corn, wheat and soybean futures all slowly gravitated toward unchanged. Weekly export inspections were down from the previous week. USDA did make the following export sales announcements this morning:
1.1 MMT of old crop (2018/19) and 541,000 MT of new crop (2019/20) corn to Mexico 125,000 MT of new crop (2019/20) soybeans to “unknown”
Funds reportedly started the week short 19,000 contracts of Chicago wheat and 36,000 contracts of soybeans but long 36,000 contracts of corn. USDA will release its December WASDE (supply and demand...
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...
