General Comments Today was a very strange trading day for a number of reasons:
The superstorm now blitzing the East Coast has closed most of the government in Washington, DC. USDA was mostly closed. The weekly Export Inspections report was released, but the weekly Crop Progress report will not be released. Odds are high Washington might also be closed tomorrow. The New York financial markets were closed today and will be closed again tomorrow. The CME has traded normally, although trading volume today was light and that will probably be the case again tomorrow.
Soybeans were weak overnight and totally collapsed today on light volume. Corn and wheat were less affected and were actually trading slightly higher until the soy comp...
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...