Markets of nearly every type were lower in quiet holiday trading. Wheat tried to resist the downside pressure in corn and soybeans and was mostly successful, finishing the day with just small losses. General Comments Markets of nearly every type were lower in quiet holiday trading. A big part of the world was still on holiday today with London and Canadian financial markets closed for Boxing Day. Financial markets were still worried about weaker oil prices. Crude oil was down just over $1 a barrel today. Remember when the world was begging for cheap energy? Now seems to be the major bearish input. Some rain in Brazil pressured the soy complex last night and today, and much more is in its extended forecast for the week after the New Year’s...
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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...