General Comments Grain and soy futures market closes across the board are red, but not by large amounts. The losses are generally single digits. Traders were looking at a complicated series of market inputs that made price action rather choppy. However, trading volume was fairly heavy at times. Here are some of the things facing traders today:
There is no change in the weather outlook. It calls for extreme heat for portions of the Corn Belt during the next couple of days with only limited rainfall in the north, then continued hot and dry weather beyond the 4 July holiday. Tomorrow is the first day for delivery intentions. No deliveries of soybeans, corn or soymeal are expected, but moderate deliveries of wheat and large deliveries o...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
