The Black Sea problems brought short covering to the wheat markets and outright buying to corn and soybeans. There might also have been some support for wheat because of U.S. weather conditions. General Comments Markets were all about the Russian/Ukrainian problem, and fund buying was the name of the game overnight. That continued through the first couple of hours this morning before the pace of buying slowed, and prices backed well off from their highs. The Sunday evening session started higher and traded sharply higher in the early morning hours on heavy volume for a night session. The Black Sea problems brought short covering to the wheat markets and outright buying to corn and soybeans. There might also have been some support for whea...
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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...