Corn has become a follower of the weakness in the soy complex. The situation with the prohibited GM corn variety in China is still unresolved, and there are conflicting reports of just how many cargoes are involved. General Comments Markets were weak overnight and this morning following yesterday's very weak closes. No one is certain why the funds decided to become aggressive sellers yesterday, but talk in the market centered on this month's usual suspects:
Concerns that China will not execute on all of the U.S. soybean purchases it has on the books No weather worries in Brazil or Argentina
The technical pattern created by this week's declines in corn, wheat and soybeans also undoubtedly brought more long liquidation and short sell...
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...
