Grain and soy futures traded modestly higher overnight following yesterday’s weakness, although trading volume was in a holiday mode. The market was pulled between improving South American weather forecasts and expectations of more Chinese sales announcements. Prices remained firm early into the day session, helped by an array of daily export sales reports from USDA/FAS. Reported were the following:
426,800 MT of corn to Mexico, including 53,345 MT for 2019/20 100,000 NT of soymeal for Colombia 257,000 MT of soybeans to unknown destinations 204,000 MT of soybeans to China
We do not recall the last time there were announcements of four daily export sales. However, the market’s mood turned sour when the Justice Dept. ann...
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...
