Markets surged to big gains in corn, wheat and soybeans in the first two hours of today's trade but couldn't hold above technical resistance, and the selling came back. General Comments It's been quite a volatile week in the markets, and it ended that way with a very erratic trading day. Trade was quiet and generally a bit lower overnight following yesterday's significant gains. This was the pattern all week. One very strong day followed by another selloff. Funds that still hold big short positions in corn and wheat would be covering shorts one day and selling again the next, or they would sometimes change directions within the same trading session. That's what happened today. Markets surged to big gains in corn, wheat and soybeans in the...
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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...