The soybean market continues to have legs of its own. Meanwhile, funds are short in excess of 500 million bushels of wheat futures, and they added to that in a big way today. General Comments Markets were again quiet overnight. However, fund selling took over in wheat and corn and drove wheat to new contract lows. Funds were light buyers of soybeans early in the session.U.S. weather generally looks excellent for crop seeding, which is the primary reason for the aggressive selling. A poor technical outlook gives the sellers more courage.USDA announced the sale of 158,000 MT of soybeans to unknown. That is what brought some of the buying back to the soy complex.Crude oil was strong early but faltered and traded slightly lower during the las...
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...
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