Soybeans and soymeal held their higher prices together during the day session, but the corn market struggled to maintain green numbers. The wheat market gave up on the effort and retreated back into the red about midway through the day session. General Comments Monday’s rally was continued in overnight trade. Even the wheat market managed to trade higher in what might be called a post-EPA announcement rally, although the EPA’s Renewable Fuel Standard (RFS) decisions were about as expected and should have been already priced in. We view the rally as more due to seasonal considerations than what the EPA announced, but small increases in corn-based ethanol and biodiesel mandates seem to sound bullish.Soybeans and soymeal held their higher pr...
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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Accountability and a comprehensive approach to export programming
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