General Comments It was a very quiet and lackluster trading day following a week of significant gains in corn, soybeans and wheat. This week's gains were the result of several factors, including:
Dollar weakness; Crude oil strength; More fund money flowing back into commodities in general; More reductions in production forecasts for Argentina and Brazil; Uncertain weather in Argentina and Brazil; Good weekly export sales, including more corn to China; Tight farmer holding and strong basis; and, Record short positions by funds in Chicago wheat that saw short covering.
There was some profit-taking across the board today ahead of the weekend, but no significant selling pressure was noted. Volume was subdued.U.S. financial mark...
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...
