General Comments Markets were lower most of the overnight period as traders anticipated that the USDA reports would be at least bearish soybeans and at best neutral corn and wheat. They got what they expected with a big yield increase in soybeans, although nearly all of that was absorbed by increased demand forecasts. Nevertheless, the selling pressure across the soy complex continued throughout today's session. Corn, on the other hand, showed some independent strength while wheat vacillated back and forth. Informa updated its 2013 acreage expectations and they were bearish (no surprise) with very small increases expected in corn, soybean and wheat plantings, and reduced cotton plantings from previous numbers. Weather is still supportive...
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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