General Comments The overnight session saw grain and soy prices strengthen in moderate trading volume even though forecasts for rain over Argentina and Southern Brazil were mainly unchanged. The stronger tone carried over into the day session as well. Basically, the market was engaged in a technical bounce in reaction to the steep decline in prices since the 12 January USDA reports. Between then and the close yesterday, corn had dropped nearly $0.60, and it was due for a bounce. Wheat's losses were not as severe, and soybeans showed hardly any loss. However, both were included in today's bounce.Aside from technical considerations, there were two other factors supporting today's price rally. First, fi...
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...
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