General Comments Corn and wheat markets were sluggish overnight while soybeans exhibited some strength based on disappointing rains over the weekend across the northern Corn Belt. The market was also quiet ahead of the 11 AM (CDT) USDA reports. Two factors changed the tenor of these markets today:
USDA announced the sale of 713,000 MT of soybeans to China plus another 140,000 MT to unknown and 252,000 MT of corn to Mexico. The USDA reports were bullish (detailed in today's analysis).
The markets were caught leaning the wrong way today when the USDA report cut the corn and soybean yield estimates and ending supply numbers. December corn traded as much as 15-16 cents higher with November soybeans trading as much as 46 cents high...
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...
