Managed money remains heavily short wheat, corn and soybeans. Meanwhile, the focus of today's wheat markets was more on planting progress in the weeks ahead than potential crop troubles caused by dry weather.' General Comments Markets were very quiet overnight, but the trend turned decidedly lower once they opened this morning and those lower trends held throughout the session. Following are some of the issues driving today's sell-off:
Extended weather forecasts look excellent for planting spring crops (corn, soybeans). Options against the May futures contracts expired today. Technical signals turned ugly in corn and wheat. Funds selling was present in every agricultural commodity. Next Thursday is first notice day for delive...
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...
