Corn struggled with the weakness in wheat today and amid expectations that USDA might increase corn ending supplies in tomorrow’s reports; corn export inspections were also no help, coming in below the market’s expectations. General Comments Soybeans started the week slightly higher Sunday evening with corn slightly lower and wheat the biggest loser. That pattern carried over into today’s session, but wheat extended its losses to 15 cents in Chicago before noon. USDA’s monthly WASDE revisions and crop production updates will be released at 11 AM (CST) tomorrow. No one expects any bullish news from USDA. U.S. and most other world financial markets were weak today as well. Weakness in more data from China reportedly was the reason, coupled...
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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...