General Comments There are days when there is nothing to write about, and there are days when there is too much to write about. Today, there were all kinds of news around the markets, most of which had a friendly perspective. Here are some of the highlights:
World financial markets were strong overnight on more optimism that the EU finance ministers will finally reach an agreement this weekend on Greece. This pushed the dollar slightly lower and crude and metals slightly higher. U.S. financial markets opened firm and are now within easy striking distance of highs not seen since 2008. Ukraine announced it will restrict exports more than expected to 1.7 MMT in the February/July period. This is 50 percent of the original plan. USDA ma...
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...
