Wheat was trading steady to slightly lower overnight until reports hit the news that Ukraine had fired on a Russian truck convoy within its borders. That pushed Chicago wheat futures sharply higher on the uncertainty of what effect additional military action might eventually have on Black sea wheat exports. General Comments It was a curious day in the markets today with all sorts of different news bits affecting prices and creating big price swings. Here are some of those factors:
An early morning report that Ukraine had fired on a Russian convoy inside its borders totally changed the tenor of the wheat market from trading slightly lower to moving as much as 15-18 cents higher at one point. The NOPA July soybean crush number came in h...
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...
