General Comments There were all sorts of factors affecting the grain and oilseed markets today, none of which were supportive. The worries included:
The approaching "fiscal cliff"; Turmoil in Gaza; More losses in financial markets early, although they did rally late to close slightly higher; China saying it canceled 10 cargoes of soybean purchases; Low river levels; and, Fund liquidation.
The soy complex was at the epicenter of the liquidation that began after last week's USDA reports were released. Funds are getting out of long positions in a big way, and that is dragging corn and wheat lower as well. Crude oil was slightly higher and the dollar was also firm.Next week will be a short trading week for U.S. markets. All marke...
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...
