General Comments Markets leaked lower overnight, this time led by weakness in the soy complex. It was first notice day for deliveries against the December contracts, and those deliveries were heavier than expected: 2,200 contracts of soybean oil were delivered as well as 2,119 contracts of wheat and 246 contracts of corn. There were no soybean meal deliveries.It was also the last day of November, and that apparently led to profit-taking selling following the recent rallies in wheat, corn and soybeans. That selling escalated after the open outcry session started, with wheat and soybeans seeing sharp losses by midmorning.Outside market factors were neutral with crude oil slightly higher, the dollar about unchanged and financial markets just...
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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