General Comments Eurozone (Read: Greece) concerns were back in the markets again over the weekend, which pressured Asian and European markets overnight and this morning. That, in turn, pressured the euro and crude oil and strengthened the dollar. CME prices had weak closes in the night session followed by weak corn and wheat and steady soybean openings. It seemed like a repeat of the trading sessions last week: We open lower and gradually start to climb led by buying in soybeans. The May soybean contract closed above $13 for the first time since 22 September 2011, back when commodity markets were freefalling from the explosion in Greek news that caused the dollar to soar. Chicago wheat joined the soybean rally early while Mpls and KC s...
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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Accountability and a comprehensive approach to export programming
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