General Comments After the long holiday weekend, the overnight e-market started out higher with support coming from the apparent agreement by eurozone financial ministers to go ahead with the bailout payment of 113 billion euros that should allow Greece to avoid defaulting on its next debt payments. Also supporting was news that China had lowered by 0.5 percent the ratio of funds that Chinese banks must hold in reserve in an effort to stimulate its economy. However, overnight grain prices turned lower despite the outside support. Non-commercially selling and spreading pushed corn and wheat lower prompted by concerns that USDA would paint a very bearish picture later this week at its annual Outlook Conference.The positive economic news su...
Accountability and a comprehensive approach to export programming
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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...