The only markets that could hold gains today were September soybean and soymeal futures. Corn and wheat traded lower most of today's session with the new crop soybean contracts down as well. General Comments Markets opened last night with corn steady and wheat and soybeans slightly higher. There were many things to consider heading home for the weekend:
It is a long holiday weekend in the U.S., the last of the summer. Markets will not open again until Monday evening. Three days is a long time for events to unfold in the Black Sea between Russia and Ukraine. That left more uncertainty for wheat than for corn or soybeans. Weather is somewhat of a factor over the long weekend as well. Australia and parts of Argentina need rain. The nort...
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...
