General Comments Today's grain and soy markets had a pre-report feeling about them. Volume was thin, trading ranges were narrow and price movements were choppy. It is as though markets were afraid to trade ahead of Thursday's WASDE. The market consensus is that cuts in South American corn and soybean production and some tightening of U.S. supply/demand balances will give the WASDE a bullish cast. That can explain why no one wants to sell the market ahead of the report, but it does not explain why apparently no one wants to buy it.We cannot recall a day when trading ranges for CME corn, soybeans and wheat were all so narrow. March soybeans traded in a 6.5-cent range; March corn's range was 3.75 cents; and CME March wheat moved in a 5-cent...
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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