General Comments Long liquidation in corn continued overnight, but soybeans uncovered some support in light volume trade. This pattern was the general theme for the day session, too, although corn did try to rally at one point. The effort did not last, however, and corn prices fell back to post red numbers at the close, joining wheat. The soybean market was supported by declining South American production, the anticipation of demand shifting to the U.S. and concern that the unseasonal warmth would result in more corn acres and fewer soybean acres. This concern was expressed in some renewed soy/corn spreading. The new crop soy/corn futures price ratio has widened out to 2.37/1.00 as the market tries to make planting soybeans more attracti...
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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...